Have a look at this graph.
https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F36d58fee-b993-4861-a7f3-e18bb5f594a2_1600x1219.png
Now look at Intel’s balance sheet - especially the debt.
Ask yourself - WTF is Intel doing?