Comment by LarMachinarum

I wouldn't count on either to save Intel as it still is (i.e with the fab business still attached to the CPU/GPU business). While it's true that having Intel fabs as a second source would be nice for them to alleviate the dependency on TSMC, they are also competing with Intel on the CPU/GPU side.

My guess is, they're gonna let Intel rot a little further while doing their best to pressure for Intel to split off their fab biz (as AMD had done back then), and then invest just in the fab.