I’ve heard the theory that Intel is physically incapable of doing the lithography transition they need to do without missing at least one full release cycle. Which should be bad news but shouldn’t be existential.
The theory goes that any CEO who does the necessary thing will be fired, so either they won’t do it, or the board will replace them with someone who won’t do it.
That kind of market failure can destroy arbitrary value.
They skipped a release cycle with 14th gen (it's the same as 13th gen) and the lithography transition is basically finished already. It looks like Intel 18A will come out before TSMC N2.
The theory goes that any CEO who does the necessary thing will be fired, so either they won’t do it, or the board will replace them with someone who won’t do it.
That kind of market failure can destroy arbitrary value.