<p>➀ Intel's SEC filing suggests uncertainty about its 14A node development, hinging on securing external customers to justify continued investment;</p><p>➀ Employee morale and talent retention face risks due to potential project cancellations and R&D cuts, as competitors like TSMC outspend Intel in capex;</p><p>➂ The company’s struggle to maintain process leadership, despite its Moore’s Law legacy, highlights a strategic crisis threatening its long-term viability.</p>