[allie1]

I disagree. They need smaller, more efficient chips, they just fell behind.

Intel was the major driver of EUV in its inception. They funded ASML, only to sell their share later to keep the semis ecosystem open (oh the irony...).

They are making all the right moves now, but the semis cycle is ridiculously long. 5-6 years from planning to delivery.

x86 is what keeps them in the running for now, as there's so much software built on it, but if they don't stick to their roadmap and start leading with their products, that edge will also degrade.