Wasn't this AMD's strategy? IIRC it works, but it takes years to make the independent businesses viable. Intel's fabs are not likely to be competitive with TSMC

Wasn't this AMD's strategy? IIRC it works, but it takes years to make the independent businesses viable. Intel's fabs are not likely to be competitive with TSMC at first, and at present intel chip designs are not competitive with ARM/AMD designs. While some of the latter can be attributed to process technology, I wouldn't be convinced that Intel on TSMC solves their tech problems. This sounds like a management solution to what is ultimately a technology problem. Is there any reason to think that intel's business conjoined process + tech design strategy is fundamentally non-competitive in 2021? or is it just that they've failed to compete for chip talent compared to Apple, Nvidia, ARM, and TSMC.