Intel continues with its major reorganization as it tries to create a unified framework around its diverse business unit. Venkata Renduchintala, right-hand man to CEO Brian Krzanich and the executive charged with the restructuring, has already axed mobile processors and other struggling activities, and the latest move is to offload a controlling stake in the McAfee security business, which will regain its original brand under private equity firm TPG, which will take a 51% stake. But this looks like throwing the baby out with the bathwater, since security is so essential to everything Intel is trying to do. Renduchintala – whose official title is president of the Client and IoT Businesses and Systems Architecture Group – is doubling down on…