Which of these out-of-favor chipmakers is a better buy right now?Intel (INTC -1.39%) and Arm Holdings (ARM 2.66%), two of the bellwethers of the semiconductor sector, recently plummeted after their latest earnings reports. Intel missed analysts' estimates on the top and bottom lines, suspended its dividend, and announced plans to lay off 15% of its global workforce to cut costs. Those disastrous developments cause its stock to sink 26% to its lowest levels in over a decade on Aug. 2.Arm exceeded Wall Street ...