“Chip giant Intel badly needs to find a new growth driver, as it attempts to diversify its business away from the struggling PC market,” Andrew Tonner writes for The Motley Fool.
“And in that vein, Intel recently announced a deal that could do just that,” Tonner writes. “However, if true, Intel’s deal could have far-ranging ripple effects through tech, specifically in the growing rivalry between Apple and Samsung.”
Tonner writes, “Apple is currently the single largest purchaser of electrical components from Samsung. Apple pays Samsung $5 billion alone to simply construct its A-series chips… Intel’s potential opening of its foundries to new business could help Apple ditch Samsung once and for all.”
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