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by YZF
565 days ago
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Intel historically was the best at semiconductor manufacturing processes. That's what got it where it got to. I bought some Intel shares when it crashed last time but the latest events are changing my mind on the prospects of this company. Intel getting to be the best at process happened over years or decades of people and culture. If that's gone there's no way to reproduce it. Looking from the outside it looks like through offshoring, layoffs and culture issues they've basically lost what they had. I think AMD managed to make it through tough times (and Intel way back then as well) because even when the company was struggling financially it managed to maintain people and culture that enabled it to overcome the challenges. But now the times have changed and executives don't see people or culture as leverage, and are happy to get rid of those. You better not need any amazing execution from that point on. |
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Exactly. AMD has been executing perfectly on the CPU side, but they also happened to be a key beneficiary in an unprecedented event in the past few decades: TSMC overtaking Intel in their process which would likely not have happened without Apple betting on them.
Intel did not benefit from the stagnation they had which was enabled by their success and monopoly. Internet Explorer 6-level stagnation: from Haswell to ~2018 they successfully shipped the same product over and over again and when AMD pressure started to mount, they basically trickled down higher core counts into cheaper SKUs. It would have worked, except at the highest end, they needed the process to be competitive and it wasn't, which messed up everything.