If Intel can actually get fabs built and operating in the states they'll be fine in the long term. US administration has made it clear domestic chip production is a matter of national security.
I'm not seeing the domestic pipeline. What is the pathway for a high school graduate today to work on the line at one of these chip fabs that are coming up? Would any bright young person choose to do that today?
I hear a different by similar version of this same idea, which is that a lot of fab engineers and semiconductor engineers have retired. I wonder if the US lacks the ecosystem to churn out these engineers. I don't mean just the schools but also the non-leading edge foundries that aren't as sophisticated to help new college grads gain experience before they get employed at leading edge foundries.
WFH and make $180k/yr with elite benefits or commute to a lab full of dangerous/hazardous stuff and make $100k with crap benefits?
The wildcard is how effectively they can leverage the national-security angle. I can imagine them tapping government funds to pay ridiculous money to create a supply chain of vetted fourth-generation pure blood citizens to make rad-hardened Pentiums for the Navy or something.