Almost 20 years ago, Intel made a decision that changed the course of computing history.
Soon after Apple started putting Intel inside its Mac computers in 2005, Steve Jobs pitched the chipmaker’s then chief executive, Paul Otellini, on its top-secret plan to break into the mobile phone business. Intel turned down Jobs — and what would become the iPhone.
One result of Intel’s decision was to hand UK-based tech group Arm an effective monopoly on the chip designs that now power virtually every mobile phone, a $500bn market that is more than twice the size of the PC industry.
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