Cooked in the short/medium term, yes, but remains to be seen in the longer term. I feel like they’re ironically in the same position AMD was in before AMD spun off Global Foundries: not being able to keep up with the new nodes on the manufacturing side, which also drags down the design side. They could follow the same playbook and sell off the foundries, which will be a blow to their pride, but should free them up to compete better on designs alone.