Looking on revenue and profit. If Intel was to go no profit. All you get would be a 20% cut on all CPUs. Meaning this CPU would still be 1400$.
You're not looking at the silly corporate benefits and wages and stock options etc that employees get.
Bring the median total (including all compensation) salary to a less ridiculous level and the majority of the costs are eliminated.
Remember that in the tech industry the means of production are the engineers etc.
That's what "Tech Industry" means. If we are talking about the fabs directly then we would be talking about Manufacturing Heavy Industry as apposed to "Tech Industry".
Can also completely lop off the cancer that accompanies capitalism of "marketing."
Remove all marketing expenses outright, explicit and implicit, and you will lower costs massively there as well.
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