He said that he was "out". He did not say that he sold.
If he did sell, it was because INTC did not match his investment/trading goals. As you point out, INTC does match your goals.
The run up has been striking and might warrent writing a covered call or some downside insurance. I haven't done either yet. I think that a PE similar to TSMC (13) is not unreasonable and probably light.