That has worked at companies but it tends to not be a stable state for them long-term. Hewlett-Packard (HP) is the best example I can think of that started off as an innovator and then got re-orged into a walking corpse.
I think it is a result of human nature responding to the incentives provided by their company, their education, and culture. Most people, if hired to lead the work on an idea, will become upset or stressed if they learn of another group at the company that is also focused on the same area.
Companies can adapt their culture and organizational model to create an ecosystem in which diverse efforts can develop at their natural pace. However if that was easy to do well then there would be no need for companies to hire external design agencies.
At the scale of chip manufacturers such as Intel and AMD they probably feel that they are considering many diverse opinions, but each company has its view and once they decide on the path forward they will cut any staff that are not contributing directly to that path (or at least AMD will.)