Acquisitions are an expensive way to develop technology, and Intel has a history of failed acquisitions where the deals didn’t generate the desired results. Thus, the company also entered into multiple manufacturing and technology JVs (joint ventures) to distribute the cost of manufacturing and technology development.
Intel has a JV with Micron Technology (MU) to develop and manufacture memory chips. It also has a JV with China (MCHI) to develop server chips.
These acquisitions and JVs expanded Intel’s product portfolio. While it integrated these products into its microprocessors, it also started selling them as standalone products that led to the creation of various business segments.
View more information: https://marketrealist.com/2016/06/intel-is-a-blend-of-acquisitions-joint-ventures-and-organic-growth/