Intel Might Need to Shrink to Grow Again

The chipmaker needs to resort to drastic measures to stabilize its earnings growth.Intel (INTC -2.63%), the world's largest producer of x86 CPUs for PCs and servers, was once a bellwether of the semiconductor sector. But over the past 10 years, its stock has dropped more than 50% as it withered into a less valuable chipmaker than AMD, Nvidia, and Qualcomm.Intel's fall from grace was caused by manufacturing problems, product delays, market share losses, and jarring strategic shifts under three CEOs. It misse ...