It seems like Intel needs a lifeline right now. With such a high cash burn rate with all the investment going in factories and people, with revenue collapsing, with recession looming putting further down pressure on the revenue, with employee bonus gone, with employee morale down due to paycuts, stock price down so much that no more acquisitions possible. Surviving next 2-3 quarters is going to be so tough.
Need Biden to do some magic or intel needs to sell a few buildings or AMD needs to hit a big hiccup or geo politics need to get dicy.
Outside of such events, its going to be painful.
I wont be surprised if they sell more MBLY stock to fund the business OR we get a lifeline with Europe govt funding.