"Intel loves PCs," Otellini said at , although he added that PCs "are taken for granted to some extent because they are so useful."

But Otellini also that "to some extent, the evolution of the PC has been retarded, I think in the last few years."

Earlier this year, announced a new class of laptops, called ultrabooks, with a thin and light design, and some of the touchscreen characteristics of tablets.

The into this market, some of which are priced at more than $1,000, have drawn criticism from analysts.

In an effort to help make ultrabooks affordable, Intel in August announced a to help component suppliers, such as builders of touchscreens and low profile disk drives, to cut costs.