Twelve years ago the last PhD material scientist was shown the door, completing the transition from competant executives to morons in the corner office. Today the company has nobody at the helm other than Pepsi Cola marketeers. The company hasn't been run by PhDs since 2008, when Craig Barrett stepped down.
In the next 12 months Intel will see 5 years' worth of overdue layoffs - from Christmas 2017 until Christmas 2018. My son just yesterday built an AMD 1700X PC with AMD Rx580 graphics - total cost, $1300 - and there is NOTHING made by Intel in his computer and it's fast as blazes and he loves it!