Expect fewer technology companies in the future, Intel CEO Brian Krzanich told CNBC on Wednesday.
"The industry, just like all mature industries, is going through consolidation and I think there will be fewer players 10 years from now than there are today," he said in an interview from the Re/code Code Conference.
Krzanich was reacting to comments last week by Cisco CEO John Chambers, who said to expect a "brutal consolidation" in the IT industry.
The Intel CEO, who spoke at the technology news website's conference earlier in the day, said the company plans to build on its success by becoming more market driven.
"We'll go where the market goes," Krzanich said. "As you've seen Android grow, we've gone out and gotten into Android. We're still the only company that can go iOS, Chrome, Android, Windows, all on the same device."