https://stratechery.com/2022/political-chips/
"Last Friday AMD surpassed Intel in market capitalization.
This was the second time in history this happened — the first was earlier this
year — and it may stick this time; AMD, in stark contrast to Intel, had stellar
quarterly results. Both stocks are down in the face of a PC slump, but that is
much worse news for Intel, given that they make worse chips.
It’s also not a fair comparison: AMD, thirteen years on from its spinout of
Global Foundries, only designs chips; Intel both designs and manufactures them.
It’s when you include AMD’s current manufacturing partner, TSMC, that Intel’s
relative decline becomes particularly apparent.
Of course an Intel partisan might argue that this comparison is unfair as well,
because TSMC manufactures chips for a whole host of companies beyond AMD. That,
though, is precisely Intel’s problem."
Via Dewayne Hendricks and Dave Farber.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
