That's a very low margin and cyclical market since memory/SSDs are basically commodities. I don't think Intel would have any chance surviving in such a market they just have way to much bloat/R&D spending. Which is not a bad thing as long as you can produce better than products than the competition.
Yeah, but they can saturate fabs and provide income, which they need. Intel can't produce better CPU/GPU products than their competition now. Their design and manufacturing of CPUs has serious problems for years now. The big money in GPUs is already captured by NVIDIA, and it's hard to see how Intel can challenge that - people want NVIDIA and CUDA. So Intel should cut down and focus the remaining bloat and R&D spending on the areas where it's plausible they can get competitive in a reasonable time. That is CPUs, and maybe memory and SSDs - they have X-Point which was great, just marketed and priced wrong.
That's a very low margin and cyclical market since memory/SSDs are basically commodities. I don't think Intel would have any chance surviving in such a market they just have way to much bloat/R&D spending. Which is not a bad thing as long as you can produce better than products than the competition.