Given the climate crisis, the world does not need more Intel's inefficient and power hungry processors.
They want to build fabs, fine, but what's the point if they don't have any viable product to manufacture?
Let's face it. x86 architecture is dead.
There is a great shortage of less technologically advanced components, like microcontrollers, I/O interface ICs, CPLDs, FPGAs. You even have hard time sourcing passive components like capacitors.
Why Intel is not focusing on that sector?