(Getty Images)

(Getty Images) Credit: (Getty Images)

Intel, the world's top chip maker whose fortunes are eroding under the popularity of mobile devices, will enter the hotly competitive market of online television later this year with a service that will both stream live content and provide content on demand.

Intel's service would be centered on a set-top box and would offer smaller bundles than those currently offered by cable operators, spokesman Erik Huggers told the AllThingsDigital "Dive into Media" conference Tuesday.

Latest video