This would require Intel to be self-aware of what's going on. Older people who've been following both companies will be painfully aware of just how late Intel is to a challenge each time one has come up.Why are always the future years the critical time? Intel should have seen the danger coming for years now. Intel should have enough self-awareness to notice that since 22nm their node progress is increasingly stuttering. Intel should have been preparing for AMD's rising competitiveness since when Zen was shown to be pretty competitive back in 2017, when Zen+ narrowed the gap some more back in 2018, and when Zen 2 essentially matched or even surpassed Intel in all relevant areas last year. Until now Intel was in the position of unbelievable financial strength, with a string of quarters with record revenue and income. Now is the time Intel needs to show how they used that position of strength for preparing itself in all those years of the ongoing slow motion car crash which was always in the open for everybody to see.
If Intel thinks it has to react now that's frankly a little late.