https://arstechnica.com/tech-policy/2022/02/intels-strategy-for-outflanking-arm-takes-shape-with-bet-on-risc-v/

Many of Intel’s current woes can be traced to the fact that the company was left out of the iPhone. Whether Intel passed on the opportunity or couldn’t meet the spec is by now a moot point, but missing out on the smartphone revolution—and its billions of chips—played no small part in the company falling behind the leading edge.