Nokia has found itself unable to compete in new markets -- previously the smartphone has grown up from the phone and the PDA but the new smartphones have shrunk down from computers and this was fundamentally different. Let's say the peak of Symbian Nokia smartphones were the E71/E72 -- the E72 and the iPhone 3GS were released practically the same day. By this time some 100 000 apps were available for the iPhone (and a bit more than 10 000 for Symbian but it was a fractured ecosystem, another fatal flaw) and cumulative they have been downloaded a billion times. But even importantly, Symbian has started as the EPOC, the OS of the Psion PDAs in the eighties and it simply was unable to function well in the new world -- you can patch a preemptive system only so many times. Android and iOS were built on bona fide Unix. No such thing hampers Intel.

There's no new market here, just intensified competition and Intel has 7nm in the pipeline late 2021/early 2022, that's how far they need to survive on the venerable 14nm and the totally broken 10nm process.