If everyone chases higher margin and ditches their fabs what kind of industry are we left with? One giant fab company like TSMC? That sounds healthy!
How many of them develop high performance x64-64 cores?
But if Intel joins the fabless club, all of the sudden the playing field gets much more level.
AMD would disagree?
Maybe if you ignore they're the only player with remotely competitive discrete GPU IP for graphics and AI, after the Nvidia and AMD duopoly.
If everyone chases higher margin and ditches their fabs what kind of industry are we left with? One giant fab company like TSMC? That sounds healthy!