An interesting report came out recently about America’s first big chip company and another that is now one of the main drivers of the AI revolution. According to Reuters, the former king of the U.S. chip universe, Intel (NASDAQ: INTC), is looking to sell off a significant portion of its business.
The report cites strength from the currently second-largest semiconductor company in the world, Broadcom (NASDAQ: AVGO), as a key reason why. Let’s break down Intel’s concerns and why this report adds credence to Broadcom’s positioning as a chip juggernaut going forward.
