The past five years were rough for Intel (NASDAQ: INTC), the world's largest manufacturer of x86 CPUs for PCs and data centers. It fell behind Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Samsung in the "process race" to create smaller and more advanced chips, and its constant delays and chip shortages resulted in massive market share losses to AMD (NASDAQ: AMD). Intel also abandoned the mobile market by scrapping its smartphone chips and baseband modems, and it made scattershot investments in programmable chips, Internet of Things (IoT) chips, and automotive chips -- none of which resolved the company's core problems.
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