This is the right strategy. Intel can't survive using the same strategy as GlobalFoundries (giving up high-end fabs).
Intel has two legs. Intel microarchitecture business competes with fabless AMD, Apple, Nvidia, ARM, Qualcomm. And Samsung. Intel's chip manufacturing competes only with TSMC and Samsung in the high-end.
Intel has always been the first and foremost chip manufacturing process company. Intel was founded by chemists. The competitiveness of x86 didn'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&D than just competing with fabless. High risk, high reward.
Intel has two legs. Intel microarchitecture business competes with fabless AMD, Apple, Nvidia, ARM, Qualcomm. And Samsung. Intel's chip manufacturing competes only with TSMC and Samsung in the high-end.
Intel has always been the first and foremost chip manufacturing process company. Intel was founded by chemists. The competitiveness of x86 didn'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&D than just competing with fabless. High risk, high reward.