Click to enlarge

In the interview he said that "People turn to computers to improve productivity during downturn, because at the end of the day the computer is a tool for productivity, adding that sales in developing markets will buffer any US economic downturn. "Much of our sales growth has have been in emerging markets - India, China and Eastern Europe - and I don't see them going into recession", he said.

Intel is on track to introduce notebook computers with Wimax chips later this year, according to several reports.

WiMAX, or the Worldwide Interoperability for Microwave Access, is a telecommunications technology aimed at providing wireless data over long distances in a variety of ways, from point-to-point links to full mobile phone type access.

"We see Wimax as the most cost-effective way to deliver high-bandwidth wireless broadband" added Otellini.