No way in hell the US would allow Abu Dhabi to own a monopoly on PC CPUs.
UAE and US are inseparable at this point.
So, a JV cross-funded by Mubadala Capital and Intel Capital. Would in turn fuse the US-owned triangle: Malta, Hillsboro, Chandler for leading-edge nodes. While also fusing Intel and GlobalFoundries fab IP and resources, etc. GlobalFoundries gets capacity utilizing Intel fabs and Intel gets working nodes utilizing GloFo cross-competitive R&D. Effectively, having a west coast versus east coast partner-competition for the best nodes.
Samsung and TSMC are shifting towards majority of Chinese-orientated customers. Intel and GlobalFoundries in most cases are stuck with majority of US/EU-orientated customers. Preventing another Japan-esque semiconductor catastrophe is key to a GlobalFoundries and Intel partnership.
Intel's Israel Fab and GlobalFoundries' Abu Dhabi unbuilt Fab might also be partnered up in the nodes. With maybe a bit of Dresden and Ireland involved as well. It would make sense on a global domination standpoint to fuse the fabs. GlobalFoundries is literally sitting on DRAM/NAND foundries somewhere in the Asia-Pacific. GlobalFoundries has partnered up with Micron before so... Intel/GlobalFoundries with Micron IP would be profitable for Micron via licensing. GlobalFoundries is full on laying on some NVM tech, but doesn't have the licenses to produce it. GlobalFoundries in turn won't allow that NVM to produce elsewhere. So, the joint aspect opens a lot of doors for Intel/GloFo/Micron.