Yeah, no. Firstly nobody can use Intel’s fabs because they can’t really provide a PDK the way TSMC can. So Intel’s fabs are fundamentally not competitive as i

Yeah, no. Firstly nobody can use Intel’s fabs because they can’t really provide a PDK the way TSMC can. So Intel’s fabs are fundamentally not competitive as it stands because they are almost impossible for anyone but Intel to use. Who cares what their equivalent process is if it can’t be commercialized? A break up would force them to get their act together as a commercial fab. The fabs are substantial capital and would have been spun out in the same way IBM spun out their fabs into Global Foundry. Someone with knowledge of how can turn these things profitable. The bailout props up a failing mismanaged entity and encourages its moribund status quo. Moreover the US taxpayer shouldn’t foot the bill for Intel’s mismanagement. The era of x86 dominating compute is clearly over and hence your last point is anachronistic.