Until four years ago, Intel was the world's most valuable chipmaker, nearing a $300 billion market cap in early 2020. The company is now worth about $85 billion, just got booted off the Dow Jones Industrial Average — replaced by Nvidia — and has been in talks to sell off core parts of its business. Intel now ranks 15th in market cap among semiconductor companies globally.
'Not meant for everybody'
Following the Avago-Broadcom merger in 2015, the combined company's biggest business was chips for TV set-top boxes and broadband routers. Broadcom still makes Wi-Fi chips used in laptops as well as the iPhone and other smartphones.