Not only does Intel have the cash, but it has a quarter century of fab capitalization left and a history of come backs, first with the shift from memory to CPUs in the 80s and then overcoming AMD in the 2000s. Ironically, Intel's biggest safety net is spinning off their fabs like AMD spun off Global Foundries, which gave them the capital to claw themselves back from the grave and create this competition for Intel today. I'm honestly surprised we haven't seen an Intel chiplet design.

We're seeing shortages of chips made on everything from 30 year old processes to cutting edges fabs and that demand is likely to be relatively sticky going forward. Intel's going to have to try even harder than it is now to fail and it's going to take decades for the dust to settle, if it ever does (hello Intel Business Machines).