Any company with advanced fabs is important now. We've got shortages of CPUs, GPUs, RAM, etc. Many of these shortages will persist till 2030.
The reason is that AMD could not make enough server CPUs to satisfy the demand for datacenters, due to limited production capacity at TSMC, so Intel, who makes server CPUs in their own fabs, could also sell everything they got.
So as you say, even the older fabs of Intel, which use the somewhat obsolete "Intel 3" CMOS manufacturing process, with which the old Intel Granite Rapids server CPUs are made, have been an important asset in these circumstances.