$Intel(INTC)$
China decision is just another reason for INTC to commit to fabrication. INTC will come to the conclusion that they need to focus on fabrication as a priority. They will either split, spinoff, or IPO the design business. A business cannot be all things to all people. Let's also consider the potential competition with their customers by being in the design business. The fabrication is a BIG challenge, one deserving the commitment of resources to be successful. This decisions will not be popular, but necessary.
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