This could swing so hard with sudden geopolitical triggers. I also see Intel positioning itself very strongly for its next generation chips.
https://www.digitec.ch/en/page/intel-has-a-big-problem-unsta...
Their best engineers are probably still going to be in Taiwan, but with the rate at which TSMC is building fabs overseas, it shouldn't matter much.
If so, that’s a hell of a way for Intel to secure its future.