Arm Holdings (NASDAQ: ARM) and Intel (NASDAQ: INTC) are two of the most important chipmakers in the world. Arm is the world's leading designer of mobile CPUs, while Intel is the largest producer of PC and server CPUs.

Arm only licenses its designs to other chipmakers, but Intel is an integrated device manufacturer (IDM) that designs, manufactures, and markets its own chips. Arm's flexible approach and power-efficient designs enabled its top customers -- including Qualcomm, MediaTek, and Apple -- to conquer the smartphone chip market.

Intel, which stubbornly tried to miniaturize its PC-oriented x86 CPUs for mobile devices, failed to keep up with those Arm-based chipmakers.

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Source Fool.com