Get out of DC GPUs and ASICs. Even if intel succeeds in these ventures the bubble might have popped or the market moved onto a different computing fad/paradigm by the time these projects bore any fruit. Focus design only on CPU and accept that intel is a number 3 chip designer in DC and a number 1 chip designer in PCs. QCOM, MTK, and broadcomm do just fine not competing in every sector. Intel products should do the same, stick to your lanes/segments of strength. Use the money saved from dumping GPU and other ASIC designs and the software enablment that goes with that to make sure foundry succeeds at all costs. No more half measures. Burn the boats and emerge stronger than intel ever was or go bankrupt trying just like intel did when it got out of DRAM. Foundry ensures intel will never miss another wave of computing again (something intel chip designers have frankly failed to ever do since capitalizing on their PC core competency to build an x86 server buisness. If foundry is the strategic inflection point then everything must be in service of achieving that transition.
I would also consider dumping P-core Xeon and focus on E-core only on the assumption that both enterprise and cloud customers will highly value consolidation and that I can save alot of R&D money to boot. I might even go so far as just stopping P core development for all post panther lake products. It'll hurt desktop, but the gap between LNC and skymont seems small enough (especially in light of the e-cores having like 25-33% the die size of p-cores) that laptop/DC seem like they would be able to maintain competitiveness (especially with that AVX-10 stuff so you can finally have instruction set compatibility). Intel products could then have die cost competitive designs versus AMD, less R&D, less validation, and need less software optimization.
I would also consider having intel try to just be a fast follower to TSMC rather than trying to be a leader. Once the foundry business moves most of their wafer volume onto healthy PPAC nodes, capacity ready to support new process ramps, and a respectable external customer roster then I would accelerate TD funding to try and pull ahead if I had to make a cut to process R&D to build the foundry business. I don't know what the demand tails look like on intel 7, 14nm, etc but I would also consider adding small support buildings for intel's old fabs that can accommodate high/low-NA EUV tools so that I can skip building an ecosystem for lagging nodes and reduce the need to build more new fab shells. The time from ground breaking to ops ready should also be shorter so I could defer capex for longer.
