Former Intel chairman Andrew Grove is urging the firm to make advanced batteries for electric cars. Grove, who still advises Intel, is pushing CEO Paul Otellini to steer the company into battery production as a way to diversify business as well as to fill a strategic niche.
Intel already has investments in battery-related firms through its Intel Capital investment arm, and Grove, who is a strong supporter of hybrid cars, says Intel's cash resources put the firm in an excellent position to invest in battery technology to push down the price of plug-in electric cars.
Grove argues the electric car market is potentially huge, and that there isn't enough manufacturing capacity in the US to fill future demand. More info at WSJ.