They are not immediately short of actual cash per se, but they have been doing a lot of layoffs and pulling back on big ticket investments like the foundry they had planned in Germany, financial health is a top concern .

they are also loosing revenue hard in multiple segments including their core high margin enterprise server chips and also not gaining foothold in others (mobile/lower power device or GPUs)

They need fresh revenue really quickly to keep markets happy on share price which has really tanked this year, also to keep the supply chain healthy and talent motivated

Any foundary business is always in need of cash, a leading edge foundary is $20-$30B outlay minimum these days , not many companies in the world are so flush they can easily spend $30B without sweating it