Damn, first Intel missed out on Mobile, then it fumbled AI, and now it's being seriously challenged on its home turf. Pat has his work cut out for him.
By whom though? I don't see how any company directly competing with Intel (or even orthogonal e.g. Nvidia and ARM) could be allowed to by Intel (they'd need approval in the US/EU and presumably a few other places) unless it's actually on the brink of bankruptcy?