In an ideal capitalist world, Intel is already bankrupt because  lost the race for both TSMC and Samsung. But in the real world of imperialism and protectionism on the part of the US authorities, TSMC and Samsung are more likely to suffer in future than the American Intel with its giant public policy lobby...

Two losers didn't make a winner. 

Intel should talk to GF and TSMC to sell Inte foundaries to them,  and it quarrantee a contract for two years.   If Intel bought GF it will be a disaster,  because GF can cash out and run.

Everyone playing arm-chair CEO.

Intel's 3D manufacturing and co-packaged optics have probably 20 yrs of investment.  These appear to be taking a larger part in their  new chip plans, as evidenced by their Xe-HPC GPU sneak peek and the Tofino-2 switching demo last year.

The new CEO confirms that the data shows the EUV manufacturing problems were resolved in the process changes implemented 6 months ago.  More details to come this quarter on that decision.

Proposals for spinning off fabs appear a bit silly after Intel just demoed reclaiming of market share, attributing this to its ability to respond to the q4 demand surge while AMD is waiting in line behind Apple at tsmc

How dare a CEO think long-term instead of next-quarter profits! Investors should be angry. And keeping the old staff that knows what they're doing on, what's that all about? /s

With Samsung (and Qualcomm?) being the first (to my knowledge, I'm not too familiar with the ins and outs of the chip production industry) to build/buy their own foundries to limit outsourcing of production, and Apple following suit, if Intel does this it seems there won't be many more big players relying on third-parties to make their chips. Supposedly many Chinese companies are also going this route. I wonder how things will be affected on a bigger scale, with all the vertical integration and reduced availability to everyone else. After all, and I could be wrong, but I see this as a way to limit AMD by taking away GloFo and other foundries Intel buys as possible places to use for production which could exasperate their shortage issues. Then again, maybe it would mean more production capacity for them, since Intel would presumably be using TSMC much less. Anyone with in-depth knowledge in this area that can weigh in?