Elevating a post by @vft+1u7Jlv68. This is a really good article:
https://finance.yahoo.com/news/intel-latest-fortune-500-giant-100000114.html
I think Intel is on the fifth bad CEO in a row. PG, BS, BK, PO, and CB. All of them made some critical mistakes.
I think that intel is in stage 4 of the decline but an argument could be made that it is already in stage 5.
In How the Mighty Fall, he identifies five stages of decline:
1 - hubris borne of success
2 - undisciplined pursuit of more
3 - denial of risk and peril
4 - grasping for salvation
5 - capitulation to irrelevance or death