Scaling RISC-V will be orders of magnitude easier than anything of the X86 lineage. It’s a new clean modern design with so much less complexity and legacy baggage. Intel could build crazy fast RISC-V designs within a few years at most if they want to.
A very interesting path back to relevance for Intel would be to design proprietary absolutely crazy fast RISC-V cores and market them in the data center and HPC markets first. The tooling on Linux is about there. Eventually they could get an initially small but very loyal developer laptop market going too. A good RISC-V design could easily compete with the Apple M1.
Get enough momentum and a Windows port could happen. Then you could reboot the PC market.
The automotive and drone niches would be interesting too. There is a market there for low power high performance chips for things like driving assist and autonomy. A new instruction set wouldn’t matter much since the whole software stack is more or less custom anyway.
At the very least it would be a way to hedge in case X86 really does start to enter a death spiral.