PC shipment are way down YoY, according to gartner, and people are worrying about inflation and potentially even worse disruptions so they aren't spending money on frivolous things like unnecessary computer upgrades and purchases.

car companies need specific chips for their cars. Intel makes its money selling different chips. Car companies don't want to redesign for different chips all the time.

https://www.gartner.com/en/newsroom/press-releases/2022-10-1...

If everyone's not designing new products due to lack of availability of cutting-edge stuff, selling more lower-end products than usual anyways (because buyers are more cost-conscious).... then the organization may need to lay off people who are focused on high-end products so that they can spend the money elsewhere.

The people you need to grow fab and manufacturing capacity are different than the people you need to design cutting-edge new products. And the sales team you need to offer fab services to other companies is different than selling CPUs to consumers.

They don't really need Intel's general purpose CPUs.