Technology
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Agreed. Intel spent too much time swimming in their wads of cash and are paying the price now.
And there is no way that anyone could have predicted that.
Right?
Capitalism's goal is not innovation is is about control and perpetually increasing revenue through that control.
Intel was technologically cooked when the first AMD Athlon came out, architecturally, and business-wise. They should have kicked true r&d into high-gear and didn't, really. The Core processors were something, but more of a nudge than something to stay relevant in the 21st century. If Apple can finally crack modems, Qualcomm will be next, although their mil/gov stuff may keep them in business as purely a contractor. Cisco is pretty close too, but they're too skilled at acquisitions as a method to keep staying relevant.