Intel has already recognized that it is in the company’s long-term best interest to get into the ARM game in one capacity or another. At the same time, Intel no doubt has also recognized that it is not in the company’s short-term best interest to start producing large quantities of ARM-based chips for any company that asks. Intel has only so much production capacity, and the opportunity cost is too high to start producing low-margin ARM-based chips at the expense of its more profitable x64 processors. The company is at a crossroads: its short- and long-term best interests don’t align, and it has to choose one at the expense of the other.
That’s where Apple’s cash hoard comes in.
It’s interesting he doesn’t suggest Apple should outright buy Intel.
But as for building a chip factory for Intel, as well as the other worries he mentions, perhaps Apple should outright buy ASML to get a lead start on their EUV technology…