> It doesn't feel right.
Who would you have as CEO?
Who would you have as CEO?
There is no way to justify that a market leader would fall this bad this fast and couldn't recover and loose billions in process, except something was terribly wrong.
That's just how fabs are. Yeah, something went terribly wrong. That much is obvious.
Regardless of who was picked as CEO getting back to the cutting edge was always going to be horrendously expensive and take on the order of a decade. There was never a magical unicorn CEO that could avoid that.
The only obvious (at least to me) alternative is to sell off the foundry business. But someone is going to be running a cutting edge process at scale in the US. The federal government will presumably see to that.