keywords: packard hp intel processor itanium
text: HP drops Itanium development SAN FRANCISCO - Hewlett-Packard Co. (HP) is getting out of the chip-making business. The Palo Alto, California, company on Thursday announced that it reached an agreement with Intel Corp. that would see HP's Itanium processor design team move to Intel in January. The agreement effectively puts an end to the last microprocessor development effort within the company.