True...but...there was a time when Intel was the one that was dwarfed 6:1 by entrenched incumbents in the business machine industry and they managed to deftly outmaneuver them.
If we look to the history of business in just about every industry and segment what we see is a fairly cyclical rise and fall of industry titans who started out as a feeble upstart pushing against well monied competitors, they rise by out-innovating and out-competing, then they get bloated and begin to rest on their laurels, and the cycle repeats.
What is unique about Intel is merely the moment in time at which we are assessing their trajectory on that arc.
True there are many more examples of business that basically failed to blossom, in a lot of ways AMD is a prime example of a business that exhibited stunted growth at every turn in the cycle.
Few companies manage to reinvent themselves frequently enough to stay relevant though, despite being industry titans. See Eastman Kodak, or DEC.
I am convinced that Intel owns the CMOS industry up to the point that silicon xtors cease to scale.
But look around in this industry and what you won't see is leaders of CMOS who were also leaders of vacuum tubes. You could kinda say IBM is like that but not really, they are a software and services company first, hardware is a distant third.
They survived the transition by reinventing themselves and ceasing to exist as a hardware leader in the exact ways that DEC and Cray failed.
I will be extremely surprised if Intel is still the defacto technology and hardware leader in the computing industry 50yrs from now. History is against them every bit as much as it is against all of us.
I haven't died yet, but past results are not indicative of future results. In fact there is one future result that I can count on, I will not see the year 2100, and history strongly implies that neither will Intel.
In a poorly constructed Heisenberg uncertainty principle analogy, neither Intel nor I know how we will end up in that end-state, the journey itself is unknown, but the destination is definite and unavoidable