You might think that in the midst of an artificial-intelligence-fueled bull market, combined with the generous regulatory support from initiatives like the CHIPS and Science Act, a domestic semiconductor manufacturer like Intel Corp. (ticker: INTC) would be thriving. Unfortunately, that's not the case – year to date, shares of Intel are down 60%. Intel's recent struggles serve as a prime example of strategic risk – the possibility that a company's management may not be able to effectively execute its strategy, or that the strategy itself may be flawed.