Can Networking Chips Revive Intel’s Start-Up Mojo?

#Intel is a start-up again. As odd as it sounds, that may be the best way to view the 49-year-old, $163 billion chip giant. The markets where Intel (ticker: INTC) dominates, servers and personal computers, don’t show the growth they once did. More than ever, its future rests with initiatives that are promising, but that, like a start-up, require patience on the part of investors. Intel’s sales of server chips may slow to 7% this year from 28% in 2014. Even that may be too optimistic given revitalized competition from #AdvancedMicroDevices ( #AMD ). Sales of personal-computer chips, rising perhaps 1.3% this year, are hemmed in for the foreseeable future by the continued decline of the PC. Sales of desktop PCs are expected to fall by 3.5% compounded annually through 2021, in unit shipment terms, according to research firm IDC. Notebook computers will rise less than 1%. And there again, there’s AMD. Intel stock is down 4% this year, compared with the 17% rise in the Nasdaq Composite. It is flat over the past 12 months, while the Nasdaq is up 20%.

http://www.barrons.com/articles/can-networking-chips-revive-intels-start-up-mojo-1503721408