Is the Galaxy Tab Win the Start of Something Big for Intel Corporation (INTC) Stock?

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It's been more than 40 years since Intel Corporation (NASDAQ:INTC) invented the first microprocessor in 1971, and today, the company has grown into a $124 billion tech giant largely by providing powerful central processing units -- the brains of traditional computers, if you will -- to the ever-growing PC industry.

Unfortunately, the market for PCs has stagnated in recent years with the rise of mobile devices like smartphones and tablets, leaving many investors to wonder whether Intel Corporation (NASDAQ:INTC) will actually be able to survive the slow death of the PC.

Intel Corporation (NASDAQ:INTC)

To be sure, Intel Corporation (NASDAQ:INTC) stock has underperformed the S&P 500 index by a whopping 30% over the past year on the heels of three consecutive painful quarters, primarily as the company still found itself on the outside looking in as competitors like QUALCOMM, Inc. (NASDAQ:QCOM) and ARM Holdings plc (NASDAQ:ARMH) racked up design wins with their own energy-efficient mobile processors:

In fact, as of last month, Intel's mobile Atom processors had primarily found homes within a variety of Microsoft's Windows 8 tablets, which haven't exactly been flying off the shelves compared with their iOS and Android-powered counterparts.

A Galaxy of opportunity That's why Intel Corporation (NASDAQ:INTC) stock finally began to gain steam three weeks ago after news broke that Samsung has chosen Intel's Atom Z2560 mobile processor (aka "Clover Trail+") to power at least one version of its Galaxy Tab 3 10.1. What's more, when the folks at Intel confirmed the news with their own announcement a few days later, they elaborated to say the tablet would also include either Intel Corporation (NASDAQ:INTC)'s XMM 6262 3G modem, or its XMM 7160 4G LTE solution.

In short, considering Samsung's earlier versions of the tablet utilized the energy-efficient offerings of ARM Holdings plc (NASDAQ:ARMH), this move represented a significant coup by Intel to snag market share and stifle the progress of its competition. Consider it no coincidence, then, that shares of ARM Holdings plc (NASDAQ:ARMH) have fallen more than 25% over the past month alone following the loss of one of its largest customers -- when we remember Samsung's tablets arguably stand alone as the single largest threats to Apple's waning tablet dominance, Intel Corporation (NASDAQ:INTC) couldn't have asked for a better product line as its first significant win in the mobile device space.

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