The other thing is that if a smaller actor comes along to introduce something new, Intel would have the cash to buy it up. In the US market, I wouldn't bet on antitrust regulation keeping anything in check. There's a Republican president and historically they don't regulate too heavily there, except that this administration has shown they want big deals to go their way politically.
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Historically, FTC has been fair in regulating the semiconductor industry. They are very slow, but they eventually get it right. But yeah, under Trump anything is possible. Fortunately, the European Commission is badass, and will never let it happen.