A micro-processor (and other hardware components) manufacturer that needs to taught the meaning of the word innovation. In this respect, rival AMD is no better, having produced absolutely nothing original since its creation. Competition is currently so cut-throat that both companies are shit-scared of each other, trying to cover their asses from the next big dud (HyperThreading anyone?).
Now that clock-speed mania has finally subsided, both companies are rushing to finalise production of affordable 1st-generation dual-core PCs. A sensible prediction would be that the Intel Smithfield core will be obscenely expensive but will most definitely outperform AMD's dual-core answer (and yes, I do realise that current stats show otherwise). To top off with the proverbial icing on the cake, both companies capitalise on enthusiast hype to market their bloody awful technology which has been sucking shit through a straw for the past 10 years (much longer for Intel). Neither of these two giants have the foresight to invest in something more feasible for the 21st century; more specifically, quantum processing.
The companies have tremendous fan-following (most of the fans being utterly fucked in the head) despite their childish one-upmanship which has been going on for seemingly an eternity.
Intel released the world's first 64-bit commercial micro-processor, naming it the Itanium. Guess what? It was the biggest piece of steaming crap since Apple's Macintosh OS.
AMD has rummaged through Intel's trashbin since the dawn of the company, and has proven to be exceedingly good at sorting through filth, copying everything Intel has created to date.
Both idiot-companies are still pushing the 25 year old binary processor architecture, by waging an electron-pushing war.