1. Intel's investment thesis is based on the strategic importance of semiconductor production for future economies and warfare, driving U.S. efforts to boost domestic production; 2. Intel's struggles are due to past leadership decisions, with AMD and Nvidia eroding its market share and high fab costs necessitating external assistance; 3. A potential joint venture with AMD, Nvidia, Qualcomm, Broadcom, and TSMC could revitalize Intel, offering vertical integration benefits and increased market share.