AMCC APPLIED MICRO CIRCUITS CORP COM NEW <- Working on 64bit ARM chips NVDA NVIDIA CORP <- have already great ARM chips + graphics Also, it is clear that

AMCC APPLIED MICRO CIRCUITS CORP COM NEW <- Working on 64bit ARM chips NVDA NVIDIA CORP <- have already great ARM chips + graphics Also, it is clear that AMD is leaving the x86 market, (keeping its APU chips though), and betting on ARM as well. They are shrinking their capital expendintures to keep them afloat during the transition. If they do survive, AMD has graphics chips as a competitive advantage. Graphics will be very important in the future. I think on the longer run INTEL will be the looser. The x86 market will not be as lucrative as it has been in the past, and the ARM market is very competitive. INTEL will have to shrink as a company (from the 95bil is worth right now). Also their graphics offering are not competitive/good enough even in x86. They have completely cornered the x86 market CPU wise, but that market is just less relevant. Whenever there are seismic shifts like this, it is the smaller guys that usually adapt faster and survive.