I have really mixed feelings on this. I'd prefer to see Intel work with TSMC and/or Samsung to build/operate joint fabs or some kind of co-ownership over completely outsourcing. I'd prefer to see a few more diverse production locations that include an EU fab, and updated US fab locations. I'm concerned about instability with China stretching its' elbows in the region and I think having more geodiverse locations would be better for everyone involved.

It's kind of the end of an era and sad to see in a lot of ways. I do want to see Intel be more competitive as they'll probably be treading water in mindshare for the next couple years.

Aside: I want to know how much Intel is paying laptop mfgs to keep higher end memory and GPU options out of AMD powered laptops.