This comes across as desperate to me. I don't think Intel can compete meaningfully with TSMC at this point, and process is literally all that matters as we hit

This comes across as desperate to me. I don't think Intel can compete meaningfully with TSMC at this point, and process is literally all that matters as we hit the limits of physics. This sounds like a last-ditch effort to find _something_ which will help them out of the hole their currently in with waves hands ... hope? Intel is roughly a quarter to a third the size of NVidia, a tenth the size of Apple, Amazon, and Microsoft... AMD is starting to eat into the server market, and ARM is more of an existential threat now that Apple sells ARM-based computers and Amazon is deploying ARM based servers. They are no longer a powerhouse, and IMHO, very likely won't ever regain their lead. I think Intel is going to end up like IBM, largely irrelevant, but still hobbling along somehow how as a ghost of its former self. Once single core performance on ARM meaningfully exceeds x86 (which it likely will because energy efficiency will eventually be the defining factor to enable higher speeds) for their most profitable markets, like Fintech it'll be "game over"[1] for Intel. Intel's management has as a matter of fact: fucked around for the last decade. There is little they can do at this point short of a miracle, to undo their chicanery and prevent the "find out" portion as the market leaves them behind. It's just too bad it's the employees and retail stock holders who will get fucked over in the end. [1] "Game over" for a multi-billion dollar juggernaut that lasted decades is hobbling along shilling their shittiest technology for decades (think HP).