Intel: Major Tech News Coming Wednesday

Exterior view of Intel headquarters in Santa Clara, California.
Paul Sakuma
Exterior view of Intel headquarters in Santa Clara, California.

Intel tells CNBC it will be making its "most significant technology announcement of the year" on Wednesday in San Francisco.

The chip giant gave no further details, but said the announcement is scheduled for 12:30 p.m. ET at the SPUR Urban Center in San Francisco, a modestly sized venue around the corner from the S.F. Museum of Modern Art.

Intel typically sets it technology roadmap far in advance at its Intel Developer Forum events in the U.S. and overseas. The most recent IDF was held in Beijing last month.

So what could this announcement be? It would be a convenient time to announce progress in lower-power Atom processors for tablets and phones. Intel has promised to release a 32-nanometer system-on-a-chip code-named Medfield for smartphones. In Beijing, Intel also said it would release a tablet-focused SoC code-named Cloverview.

The mobile arena is one where Intel is eager to gain share. All of the popular smartphones on the market, including those running Apple , Google and Microsoft operating systems, use chips based on designs from Intel rival ARM Holdings.