Which is pretty funny because Intel probably knew it was a smart move; AMD probably wanted to do this earlier. They spun GlobalFoundries out in 2009, but only after a settlement with Intel allowing them to do so. Part of their patent cross-licensing agreement with Intel was (allegedly) that they had to produce chips in-house.

Intel pretty much deserves to see themselves in the position they're in now. Microsoft made more headlines over the years with their anti-competitive behavior, but Intel was just as bad.