That's Intel's strategy - to just give up?

Andy Grove would turn in his grave.

Some of their cards were beginning to become competitive for the price in the consumer market, they were getting there imo, just afraid to sync the insane amount of money needed for R&D to get them to the next level to actually compete with Nvidia in the enterprise space.

Intel is just bending over for shareholders instead of doing actual engineering. A big reason the previous CEO got yeeted.

That is not as important as if they want to win.