I wouldn't count Intel out in the long term, but it'll take quite a few generations for them to catch up and who knows what the market will be like by then

Intel is halting its construction of new factories and mulling over whether to break up the company...

Intel's Board is going full Kodak.

Intel hate making money even more than AMD.

Starting around 2000, Intel tried to make money via attempts at everything but making a better product (pushing RAMBUS RAM, itanium, cripling low-end chips more than they needed to be, focusing more on keeping chip manufacturing in-house thereby losing out on economy of scale). The result was engineers were (not always, but too often) nowhere near the forefront of technology. Now AMD, NVIDIA, ARM are all chipping away (pun intended).

It's not dissimilar to what happened to Boeing. I'm a capitalist, but the current accounting laws (in particular corporate taxation rules) mean that all companies are pushed to use money for stock buybacks than R&D (which Intel spent more on the former over the latter over the past decade and I'm watching Apple stagnate before my eyes).

Intel's Arc B580 budget card is selling like hotcakes... https://www.pcworld.com/article/2553897/intel-arc-b580-revie...

They fired the CEO for daring to make a product such as this. The 25mil they paid to get rid of him might even wipe out their profits on this product.