Altera-- Not actually a bad decision, but it seems to have done nothing but bolstered Xilinx's position.
MobileEye-- A great way to burn ~$15 billion. The fact that Intel felt that it had to purchase that company with really no defensible advantage other than its maps highlights the huge challenges facing Intel if they're unable to cultivate an internal SDC team.
Movidius-- Legitimately I have no idea why they paid so much for a glorified DSP. But then again, so are most "Deep Learning Processors" right now.