Thoughts on Intel as long-term?

I’ve been reading about Intel’s plans to transform the company into a manufacturing specific operation with the goal of producing chips locally and eventually pulling companies like Nvidia and AMD away from TSMC.

Additionally with their recent $8.5 billion in funding from the government under the CHIPS act, is it safe to say that Intel will bounce back and be doing well again with their new focus sometime in the next 3-5 years?



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