Lets look at least the Highend cellphone space you have Qcom and apple.Even Samsung doesn't really compete with Qcom. Qcom has a moat for their mobile business which is their radio patents. Even apple uses the Qcom radio chips, but they can because they have their insane margins.Lets look at the biggest semiconductor company in the world tsmc they generated about 4bil in Free cash flow. Intel generated about 18, and going after the low cost market is not a good idea. The best option would be for intel is just to return money back to the shareholders.