There is a balance a business needs to keep. Under spend on your future (e.g., R&D) and you'll have higher profits. Until you don't have something great to sell in a few years. It's short term. Over spend on the future and you won't have money for your share holders which they won't like.

Intel is expanding what they do (i.e. fabing chips for others). This is a business opportunity that wan't overly visible a few years ago. Global economics have changed and that presents a new opportunity they are positioned for and jumping on.

They also under invested in R&D. Many companies do and go through cycles of it. They are playing some catch up. But, they seem to be serious about it which is good in many respects.

If you're a short term share holder you might not like it because there are lower short term profits. If you're a long term share holder you might like it because they'll have a more diverse portfolio and better future product (and sales) potential.