Intel Corp., more than any other company, represents the historical silicon in “Silicon Valley.” It has held its reign not only by designing compelling new circuitry but also by etching it into silicon at its own factories.
It was orthodoxy inside Intel. To thrive, it had to remain the maker of its flagship chips that are the brains of computers—long after many rivals had outsourced manufacturing and stuck to design.
So…
This post first appeared on wsj.com
