There was a time when Intel dominated the world. That time passed and the company is one of the biggest examples of ‘The innovator’s dilemma’. They were too confident in themselves, as many others -Nokia, Blackberry- and they failed to see what the future was going to be.
Intel could have made a smart move, but again they didn’t probably even consider it, and now Softbank has done something that could be a really future saver: they’ve made a whopping buyout offer to acquire ARM for £24.3 billion (~$32 billion).
Apparently the reason is Softbank’s interest in IoT. I’d say that’s only a marketing trick to add some hype to the headlines. ARM dominates the world now thanks to their smartphone chip design business, and it will be interesting to see what this Japanese giant does with this kind of power.
In case somebody didn’t notice, it’s a good time to acquire British companies, ahem Brexit ahem.
