Intel had the margin and volume to be the exception to the rule, meanwhile Qualcomm, Broadcom, and a ton of other fabless design firms were making good money un

Intel had the margin and volume to be the exception to the rule, meanwhile Qualcomm, Broadcom, and a ton of other fabless design firms were making good money unencumbered by the risk of investing in a fab division, and with the ability to switch to the best fab for each chip at a given time.