[ssp]

The problem for Intel is not so much that they can't make a competitive chip, but that they can't make one at margins that will sustain their fabs.

[nl]

I think it's premature to say that.

Intel has the best fabs in the world, and they can make chips as cheaply as anyone.

It is possible that at some point in the future Intel's margins won't sustain the continual investment in new fabs. That's a fair way off at the moment though.