[amarcheschi]

Intel started having issues before pat. Now, I sold my amd shares a few years ago and stopped following the semi sector, but as long as I have memory Intel was starting to show cracks after a few ryzen iteration(s). I mean, they were still faring well, but it was clear - at least to me - they were stuck with less competitive products

[AJ007]

They missed two epochal changes in the semiconductor industry - mobile and AI/GPU. They don't have a contract foundry business that could compete with TSMC. They appear to be failing with the thing the originally should have been capable of, their next gen chips.

When they missed out on mobile it appeared to be a big blunder, especially when one considers the long term impact of electricity usage in datacenters. When Apple released the M1 chips that could run x86 faster than native, it was clear what was going to happen to Intel. Intel is now done -- dead, finished. This is a legacy business where the owners can try to get more money than they paid for it, but if they have to put up new capital (that isn't free government money), they will not be getting their money back.

[baq]

AMD was at a very similar spot a decade ago. It took time, pain and faith, but they turned it around. Intel could very well do the same, but its Lisa Su has just got fired a few months before the plan started sprouting.