Intel Betting the Farm
This is the right strategy. Intel can&#x27;t survive using the same strategy as GlobalFoundries (giving up high-end fabs).<p>Intel has two legs. Intel microarchitecture business competes with fabless AMD, Apple, Nvidia, ARM, Qualcomm. And Samsung. Intel&#x27;s chip manufacturing competes only with TSMC and Samsung in the high-end.<p>Intel has always been the first and foremost chip manufacturing process company. Intel was founded by chemists.  The competitiveness of x86 didn&#x27;t come from superior chip architecture. It came from superior manufacturing and volume.
There is the more expected value in risking the whole company and betting everything on high-end fabs, process technologies R&amp;D than just competing with fabless.  High risk, high reward.