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They had a presence on the currently faster growing market (mobile), but they decided to sell it a while ago because it wasn't trendy and margins were smaller.

Now they are pivoting everywhere, but theirs is the only market with sufficient margins. And the perspective is that their margins will shrink because of competition and software emulation (that they are keeping into control by patent trolling).

Intel also liquidated all ram fabs in the eighties, very costly process. Almost less than a year after last fab closed ram prices skyrocketed letting Japanese manufacturers grow strong.

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