If you look at Q4 margins….can they really get better? Profits are being sacrificed for revenue. It is a sign that there is too much inventory, but also a sign the products are uncompetitive.
2023-2025 will be the “great leaning”. But still there is no way Intel can run as efficient as the comp. Start with the headcount, inflated salaries at G9 and above. The fact that we will have to offer a sharp price for companies to even pick them over TSMC. With no customers it just becomes harder to believe.
The goal probably is for Pat to do the best he can for the fabs before splitting them off. Get them as many customers etc as they can. But it is likely when that happens they become the next global foundries.
Intel is lopsided when you have grade 9 mbas with no clue in the BUs and PHD engineers at grade 8 for a decade. Not sure if there is a lot that can be done.