In the last 2 years since Pat Gelsinger took over, they've cut RealSense, Movidius, Optane Memory, IPO'd MobileEye, and now exited the Server Systems business. The only odd-balls left are their NUC business. Considering how popular these are in the enterprise market I can't it going anywhere any time soon, beyond spinning it out into a separate company, but it seems like the strategy has pretty much come to fruition. Now their balance sheet is in check, and their Intel Foundry Service taking customer ready for the new fabs to come online, I could see them really coming back into relevancy again.
As the article says, they are a silicon company not an assembly company.