They've already been headed that way for a long time, the problem is that they need huge amounts of capital to complete their foundry road map and that is meant to be cross-subsidized by the other part of their business, but now it's looking shakey that they'll even have the capital to execute the plan - setting aside whether it would even work if they could.
I remembered Andy Grove's quote: "If we got kicked out and the board brought in a new CEO, what do you think he would do?"