US government wouldn't let intel down, this is matter of national security (only grown semiconductor fabs left on US soil) and edge of US tech dominance
When that happens typically the company starts optimizing for sucking money from the government. From the point of view of the consumer Intel would be finished.
That's the bet I made after the crash last summer. I think the USG only really cares about the fabs, as we've shown the ability to design better chips than intel's here. Time will tell if I'm right.