Intel has somehow managed to survive a lot of arrogance and clulessness for forty years or more.
Staring with the 8086, as in the first PCs. What a crock.
There was the 286, arguably the most brain damaged architecture ever commonly accepted.
There was, around the same time, the 432. A chip so radical and complex nobody could use it. Slow into the bargain.
There was the i860. Potentially stunning floating point performance but again so complex that no one could program it or write the required optimizing compilers for it. Even Intel, I found out at an Intel conference, did not know how to get the peek FLOPs out of it.
Then there was the Itanium. I have no idea what that was about but seems to have become another boat anchor.
However, somewhere in the middle of all this mess they do actually have guys who know how to advance the chip technology physically. They do own their own fabrication plants, unlike AMD or ARM.
Seems Intel has just realized they need to grab a share of that low power phone, tablet, "wearable" market that ARM is doing so well in.
Memory in C++ is a leaky abstraction .