Despite years of troubled performance and failed strategies, the great icon of the semiconductor industry, Intel , has two new major shareholders that can give it new hope for recovery: the United States government, with a bit less than a 10% stake, and the most important design firm in the world, Nvidia , with about 5% ownership.

The next step is for the government to arrange for Intel to go private.

Without the pressure of delivering quarterly earnings for the stockholders of today, a private Intel could divide itself into parts that no longer make sense to be conjoined. One new company should focus on manufacturing chips for all global firms with the goal of matching or exceeding performance levels that only TSMC can provide today. The other should commit to designing chips. Thes

See Full Page