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This would be a sad end for Intel. Even 10 years ago something like this would not be imaginable.
10 years ago Intel was starting to realize that mobile phones might be popular. They had every advantage to understand and shape the future and somehow managed to not understand mobile chips and graphics cards–which they manufactured both for a long time, would be important areas of computing.
Complete, total, utter failure of leadership and vision, product management. They finally swapped it CEO like a year ago after they’d cemented decades of sleepwalking as a company.
It’s not sad, it’s pathetic and a testament to poor management being able to kill a company despite all possible advantages.