I have been a consistent critic of Intel on here.
But a company like Intel can't be spun up/replaced on anything less than even more subsidies and probably 10 years of nondelivery/noncompetitiveness. A chip foundry and chip design of this level takes a long time to reach competence. Hell, if you are 1 generation behind status quo, Intel shows it can take 3 years to catch up, if then.
This company isn't a struggling retailer in a sea of retailers (Sears) or some rando restaurant chain selling potato skins, blooming onions, and nachos (TGIFridays).
This is a top-line chip fabricator, in a geopolitical environment where supply lines/shipping lines are under threat in the Pacific, demographic collapses in China, Japan, and South Korea are underway, and a president that wants to start a tariff war.
National security concerns underline Intels importance. It isn't some chopshop private equity spreadsheet play. If you split it you need functional mission-based companies.
Intel has something like a dozen fabs. I would subdivide those into the lines of business their process nodes can serve, from embedded / industrial stuff, board chipsets, whatever.
Identify the process nodes desperately needed for economic protection from a hostile/collapsing China (same thing basically in economic impact). We need state of the art, so the latest and n-1 fabs get wrapped up, but we likely need a boatload of second and third tier node production as well.
I think Intel's fabs can be split in the n-2 and n-3 nodes into two competing companies, because the US doesn't need monopolies, it needs competition, and that will be the path to far better utilization of subsidies and speeding up production independence from the Asian rim.
I cannot believe Intel has failed at integrated graphics for so long. I'd like a competitor to NVidia besides AMD.
Setting up functional subsidiaries like this will absolutely not happen with private equity chopshops, all run by the same financial illusionists that have crushed Intel and Boeing.
But that's not how the oligarchy works. It'll be something that maximizes concentration of the subsidy check by the same incompetents that "manage" Intel right now, and the subsidy will be squandered.
I cannot believe a Boeing fuckhead is now the interim CEO. Nothing will go well, these people are survivalist lizards that care about their careers and stock options and parachutes. That Boeing guy likely engineered the ousting, he's a slimy survivor of corporate Machiavellianism.
I invite him to prove me wrong, the country needs it.