Intel is also collaborating with TSMC to develop high tech chips using the five nanometer process coincidentally the same process Apple uses for its M One chips back in July until the prices for its coated chips due to inflation issues and supply chains interruptions. Though this was a necessary move to stabilize the company's falling profits, it wasn't enough to mitigate a substantial layoff that will allegedly occur over the upcoming weeks. Even with the many competing chipmaking companies on the market, intel is working proactively to boost its diminishing sales