Intel Corp (INTC)

[chipguy]

I think that this agreement is a sign that while Intel has given up on
pushing x86 into smart phones it still wants to get some revenue from
phones while diverting some leading edge process foundry revenue
and profits from TSMC and Samsung. Given the absolute $$$ involved
will be tiny at the top line and invisible on the bottom line I suspect
the latter effect is much more important than the former.

It is a smart move IMO and doesn't impact x86 at all. To the extent
that ARM or any other architecture can encroach on x86 in PCs and
servers (very little would be my guess) that would happen regardless
of Intel fabbing ARM phone chips or not.

I wouldn't expect Intel to ever fab PC or server class ARM chips.