If Intel had embraced ARM 2/3 years back: 1. Intel would get instant foothold in the mobile market avoiding need for spending billions on Android development. 2. Intel would get lion's share in profit from mobile market which has otherwise gone to QCOM and TSMC. 3. As a result of 2, Intel would starve design and fab competitors of funding their own R&D and prevent them from growing into monsters threatening Intel's core PC and servers business. (Markets pay heavy premium for secure business and weak competition). 4. Intel would have got a broader base for its business, growing into new areas in addition to mobile. 5. Intel would continue to be in control of processor market.
While doing all this, Intel would pay only peanuts in royalties to ARM and pocket rest of design and fab margins themselves. And Intel won't be fabbing competitors' chips. It would b fabbing its own ARM based chips.
In terms of factors that matter in the stock markets: 1. Reduced spending 2. Increasd profit 3. Secure core (PC an servers) business 4. Reduced competitive threat
Incompetency at all levels had prevented Intel leadership in making right moves and right decisions in past 3 years.
Still I think Intel still has 2/3 years of window to come back. PC and servers business is not going anywhere soon. Mobile market will always be open. And fortunately for Intel, there is posibility and already signs that mobile profits are slowing down and likes of TSMC may not get required ROI on advanced process. And window for embracing ARM is still open.
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