[oivey]

They’re not even close to the bottom. Their current product line up isn’t the best and the future is bleak, but the market needs their fab capacity. The bottom will occur as competitor production capacity relative to demand improves. Part of this is pandemic related, too, as COVID has reduced production and caused a spike in demand.

[worker767424]

Meanwhile, there's a shortage of foundry capacity. Automakers are pausing assembly lines because they can't get chips. So yeah, Intel isn't making the best chips, but they're still making ok chips, there's a chip shortage, and things could look different in 5 years.

Not saying I'd bet on them. I'd probably not bet either way. I just think the "future is bleak" narrative is overplayed.