As has been claimed every year for the last 30, at least. Much like predicting the end of the world, one day, if you keep at it, you'll actually be right.
I think he meant Intel shuts down their graphics division, not Intel shutting down. It's very easy to believe as they've shut down pretty much everything they've tried other than CPUs.
I wonder how they feel about selling their RAM business a few years ago.
That's a fair reading...perhaps my "company X is totally going out of business next week like they have been for decades" trigger needs to be turned down from 11.