Yeah, but what I meant is that these can't all be explained by not being paranoid (letting the competition creep up on you), or even by not having an exceptiona

Yeah, but what I meant is that these can't all be explained by not being paranoid (letting the competition creep up on you), or even by not having an exceptional CEO. If you are in the business of making CPUs, and obviously aware of how fast things move in the tech world, then how can you not be aware of industry trends going on like smart phones, gaming and AI? If you are somehow late to see the trend then double down and catch up. What about getting behind on process nodes/generations? This used to be one of Intel's core strengths, and you'd have thought they'd have institutionalized the things you do and don't take on in a new process to keep the change manageable. So, I wouldn't say it just a matter of not having Andy Grove - it seems like a matter of having incompetence at many levels.