If individual companies developing their own chips is a trend, and it sure seem like it is starting to, intel has a lot more competition they have to contend with. Before is always a buy, now add build into the equation. That’s where intels problems are coming. That’s a lot of head winds, they can capture that by splitting and going the TSMC route, and specialize further on the design and use some form of licensing model like ARM.

This is like the Microsoft pivot into cloud to save itself.