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Microsoft's support for ARM-powered Windows PCs that can run existing apps will create fresh competition for Intel. And its new VR platform stands to undercut Facebook's Oculus Rift.
If a rumor is right, Intel might further downsize its PC investments by letting AMD handle its GPU needs. Qualcomm, meanwhile, is hoping servers will help offset soft mobile growth.
Hillary isn't the only one who seems to favor workers over capital. Trump does, too.