Intel lost PlayStation 6 chip contract over profit margins and backwards compatibility concerns, according to report
Briefly

A dispute over how much profit Intel stood to take from each chip sold to the Japanese electronics giant blocked Intel from settling on the price with Sony, according to two of the sources. Instead, rival AMD landed the contract through a competitive bidding process that eliminated others such as Broadcom, until only Intel and AMD remained.
As AMD made the PS5 chip, the ability for the PS6 to be backwards compatible with PS5 games would be a lot simpler than the alternative scenario, where a different chip manufacturer stepped in to create a new PS6 chip.
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Read at VG247
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