re: Intel’s starting point seems to be, “we need to find a use case for this chip we designed”.
I think that suggests an optimistic level of strategic planning:
Dept 1, We have some existing chips that we can make
Dept 2, We have an idea of how to make a new chip
Dept 3, We can't make the new chip but we aren't going to tell Dept 2 cos they report to a different VC
Dept 4, We seem to have accidentally acquired a bunch of software companies - and my bonus relies on us having a plausible plan for making money from them