After cuts and project slash the company will be split into two.
1). Murthy will run what is like AMD the design/product side. He is an outsider with no attachment to using TMG and could just as likely take his products to any foundry offering faster TTM. He could care less if it is dense but low yielding or bigger. All that matters to him is get the product out and does it sell on schedule.
2). Bean counter gets the boat anchor with big fabs huge R&D and capital intensive, the Global Foundry side. Still need big cuts, restructure, and complete cultural change to compete against the foundrys for Murthy's products. Can they do it ?
The path for Intel is the same as what IBM, AMD and every other IDM has done.
So sad as a visionary 10 years ago could have fixed it, or even five yeRa ago, but too late now.