Specifically, the PC chip design portion.<p>This is a division that has synergy with Qualcomm's other divisions (eg. Mobile processor design) and good for Intel because the PC space has lower margins, more competition, and distracts from Intel's core value prop in servers as well as fabrication.
It really feels like Intel is lost at sea and has no idea how to recover. It's not a great sign when your management has tried nothing, is out of ideas and is asking Morgan Stanley and Goldman Sachs for help.