Earlier quoted context omitted.
Credibility issues of the author/website aside, I actually hope this is true, and I hope it's catastrophic for Intel. Maybe then we'll finally see hardware companies taking security seriously.
IME is likely not a case of Intel "not taking security seriously". It's almost certainly a case of doing what FiveEyes demanded of them.
I still hope it's true, and that it's catastrophic for Intel. No change can happen otherwise.
If Intel aren't fighting against 5eyes then they aren't taking security seriously.