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Intel Out Of Gadget Business

San Jose chip-making giant Intel is getting out of the gadget business.

The company says it´ll shut down its Connected Products Division early next year. Intel´s digital cameras, music players and toys no longer will be produced, and existing inventory will be sold off.

Intel began selling electronic gadgets in 1997 to generate revenue beyond its core processor business. Because they connected to PCs, it also was seen as a way to boost demand for its primary chip products.

But Bill Calder, an Intel spokesman, says in the current economic climate, the potential for sales and profits was not high enough.

The world´s largest chip maker will continue to supply flash memory, processors and the other electronic parts for other manufacturers´ devices.