China is banning Intel and AMD chips from their gov't use. When they catch up with tsmc in 7nm, they'll likely make an import ban on all U.S. chips. Who then will AMD and Intel sell to? Aging European population? Africa as it develops? Africans are likely to buy Chinese chips, seeing for all the material infrastructure China invests in.

Intel and AMD will only sell to American-alligned countries, which are declining. Seizing the company and milking till it runs dry is the right move.

Intel had all the capital it needed to innovate. It did not. The company is unable, despite all the cash it has on hand. It's a lost cause. One hopes AMD continues innovating.