> It might be better for Intel to split into two.

How exactly would it be better -- again, given the volumes?

-- The "design" split-off would be instantly lacking modern-node fab capacities (TSMC already said they wont scale up for Intel),

-- the manufacturing part would find itself in competition with those already having better node tech ==> not enough orders to fill the pipe (customers with comparable volumes are already all set WRT fabbing).