Intel isn't betting the farm. It's doing the bare minimum to build infrastructure that it will almost certainly need due to the demand created by massive shifts

Intel isn't betting the farm. It's doing the bare minimum to build infrastructure that it will almost certainly need due to the demand created by massive shifts in the ways that we work, learn, and communicate. These companies care a ton about how long it takes for capital expenditures to bear fruit. Semi fab is one of the longest-term investments in the technology industry. Even a company as large and established as Intel still thinks like a company, not a government. Why is there a disincentive to spend on long-term investments? Look at INTC stock today and you'll understand.