I was going to say, the fab is capital-intensive but at least has value as an asset so long as you can keep it printing out chips profitably, which is more likely in a trade war where certain foreign chips are banned...
As for what chips you print on them... x86, ARM, RISC-V, GPUs, NPUs, RAM, FPGAs, PLAs, print whatever the market asks for... It's not like there's fundamental superior value in x86 as an intellectual property, just inertia.
But local manufacturing gets protected in a trade war, because you'll need it if push comes to shove. Intellectual property just gets stolen and copied.
Intel is pretty obviously dependent on taxpayer subsidies right now.
So they're going to get rid of the foundry?
Big brain plan over there.