In the 90s Intel Capital invested in Broadcom, initially as part of Intel’s ethernet initiatives. This investment was later augmented in support of our very successful effort to create residential broadband, an effort I was spearheading. Intel became the largest outside shareholder of Broadcom owning about 7%. At the time, I believed that Intel should have acquired both Broadcom and Qualcomm. Unfortunately, I couldn’t gather any support for this move, and frankly, I didn’t push very hard for it. By then, I had come to realize that getting support for expanding beyond the PC was unlikely to succeed. The PC under Grove had become our prison. Intel was indeed inside. We eventually sold our shares in Broadcom and made a great gain but it was almost meaningless compared to Intel’s earnings at the time. Now 7% of Broadcom is about equal to the value of Intel.

https://www.cnbc.com/2024/12/31/silicon-valley-turn-of-fortune-intel-worst-year-broadcom-record-gain.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToFacebook&fbclid=IwZXh0bgNhZW0CMTEAAR3xpHINXDI9icNbnTwcyloK4z5FCwaMTQ70dVz4KmdglVu7B2rNX1oWvF4_aem_e9Ba4fwvXKVH2g4TDqH2Xw