Although Intel dominates the PC market, it has invested billions of dollars into mobile initiatives that ended up behind the times.
As Intel switches chief executives this week, the chip industry is itself in a historic transition. With the mobile industry exploding and the PC market in decline, Intel's future depends on diversifying into a business that has stubbornly eluded it for more than a decade.
"Every high-tech leader eventually makes a mistake," said Jim McGregor, a veteran Intel watcher who now runs Tirias Research in Arizona. "Usually it's arrogance. It's 'We can drive the market where we want to.'"
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