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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
This is a most excellent place for technology news and articles.
It does come pre-installed on some computers depending on the provided OS and the changes made by the manufacturer. If you install your own fresh version of windows, it should only be installed if windows believes you need it for the component to function.
My last pre-built came with a bunch of garbage before I wiped it with a fresh copy of windows and almost all went away. I would certainly not say Intel is the worst though, older dell machines and even relatively modern HP machines come with a bunch of "necessarily for the component to function" garbage that can't really be uninstalled easily (windows will reinstall them).