The loss of this contract is seen as a substantial setback for Intel, particularly as it sought to enhance its position in the competitive semiconductor market. Winning the PlayStation 6 chip contract would have not only provided a significant revenue boost but also strengthened Intel's reputation in the gaming and consumer electronics sectors 
https://videocardz.com/newz/amd-reportedly-won-contract-to-design-playstation-6-chip-outbidding-intel-and-broadcom