[mhh__]

Money. Intel's operating income is about 66 times bigger than AMD's for example.

Intel will probably never get a run like the last decade, but they have enough market share and money to get themselves back on track.

[klelatti]

But AMD isn't the right comparator:

Q1 2021 Revenue Guidance

Intel $17.5bn - 12% YOY

TSMC $13bn + 20% YOY