Intel is currently navigating a tumultuous period marked by an $18.8 billion loss, intensifying competition, and calls for a radical restructuring of its business model. Analysts suggest that Intel may need to break itself apart to survive, focusing on its foundry business rather than traditional chip making. There are concerns about the efficacy of its strategic turnaround under new leadership, with skepticism surrounding its microprocessor roadmap and foundry strategy. The rise of competitors and shifting market dynamics, particularly the impact on Taiwan Semiconductor, further complicate the landscape. Some industry observers draw parallels with the fate of Nokia, warning that Intel must act decisively to avoid a similar downfall. The debate over whether splitting the foundry operations could lead to better outcomes continues, as the tech giant explores three competing visions for its future.