Many-core CPUs (Phi), FPGA's (Altera), ASICs (Nervana), and now the GPU-like Movidius for machine learning.
You could argue that "they're just experimenting" to see what will take off. But I don't know if paying $17 billion for something (Altera) still fits in the "experiment" category. Was acquiring McAfee antivirus for $8 billion an experiment, too? What if FPGAs aren't the future of machine learning, and they fade out? Does Intel write-off the $17 billion, like it did the $10+ billion it spent on the mobile market.
And it's now trying to make x86 chips, while at the same time making ARM chips better for the competition. I don't think Intel (its current CEO) has any clue about what the company should focus on. Sooner or later, its PC market profits will be squeezed/wasted on these acquisitions, and Intel will need to show something for it.