Intel will be very close to a bankruptcy if it doesn't start showing turnaround trends. Q4 2022 results will be critical especially when one sees they had a 1 billion $ net income for Q3 2022, down 85% from the same quarter 2021.

With the shutting down of their graphics division though portrayed as merger back into other groups, it's clear that the discrete GPU business is effectively shut down. None of their rest of the product line up shows a potential to be the one that starts the turnaround.

While they may have government grant for fabs, it won't be a surprise to see them to be Boeing in 2024/25.