I think less than Gelsinger it's just that Intel is banking on it's foundry business for the future, and foundries are mind-blowingly expensive. Like nuclear reactor tier expensive and then double that.
There is good reason the SOTA semi foundry market is basically TSMC, some Samsung, and a touch of intel. No one with big money wants to deal with foundries. Way more profitable to do pretty much anything else.
On the flipside, the US gov wants domestic SOTA semi manufacturing, and it will not let intel disappear. Most reasonable americans should want this too, as pretty much everyone uses a TSMC chip everyday - often all day.
There is good reason the SOTA semi foundry market is basically TSMC, some Samsung, and a touch of intel. No one with big money wants to deal with foundries. Way more profitable to do pretty much anything else.
On the flipside, the US gov wants domestic SOTA semi manufacturing, and it will not let intel disappear. Most reasonable americans should want this too, as pretty much everyone uses a TSMC chip everyday - often all day.