Intel Corp (INTC)

[mas]

Samsung is going to use its own foundry using ARM chips purely to provide a volume base for its foundry and not fall into the IBM low volume loss making trap. Of course Intel will prefer to sell x86 chips but that may not be possible with Apple it it wants its business and Intel will need to have something in any Apple contract that makes the foundry price device dependent, like Qualcomm does with its licensing, as Apple may want to use Intel foundry to move its A chips up the price ladder and Intel needs to be compensated for that if x86 chips are replaced.