[HN Gopher] AMD CEO sees chips from TSMC's US plant costing 5%-2...
       ___________________________________________________________________
        
       AMD CEO sees chips from TSMC's US plant costing 5%-20% more
        
       Author : mfiguiere
       Score  : 196 points
       Date   : 2025-07-23 19:34 UTC (1 days ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | bsder wrote:
       | If that's all, that's a _really_ good bargain.
       | 
       | A 20% premium for one of the pillars of a modern economy to both
       | repatriate engineering knowledge as well as be significantly less
       | threatenable by your primary geopolitical enemy would be money
       | very well spent.
        
         | Teever wrote:
         | I wonder if that 20% is a floor or a ceiling too.
         | 
         | Like, as more of the supply chain is reshored will that
         | continually increase cost because reshoring is intrinsically
         | less efficient or will it decrease costs because the increased
         | cost of just reshoring the fab part of the supply chain costs
         | more due to less proximity and integration with the existing
         | supply chain?
        
         | nobodyandproud wrote:
         | I definitely agree, but the next challenge is how to support
         | that long-term investment?
         | 
         | Businesses that rely on the chips will see an increase in cost;
         | and that means passing the cost down to their customers (or
         | having less to invest on their own R&D).
        
       | reliabilityguy wrote:
       | The question is: what's AMDs margin? 20% manufacturing cost maybe
       | well below 1% of the total development cost. So, not a deal
       | breaker at all.
       | 
       | It seems to me that long term having fabs in the IS is net
       | positive for the economy: more jobs, more localized supply
       | chains, more local expertise, etc etc
        
         | arcanus wrote:
         | The manufacturing cost is emphatically not only 1% of the total
         | development cost. Particularly for GPUs, the high bandwidth
         | memory and manufacturing costs are a significant portion of the
         | product price.
        
           | reliabilityguy wrote:
           | > The manufacturing cost is emphatically not only 1% of the
           | total development cost.
           | 
           | I have no idea what is the manufacturing cost of a 800 mm^2
           | die is, but I am sure it is lower than the development cost.
           | 
           | > Particularly for GPUs, the high bandwidth memory and
           | manufacturing costs are a significant portion of the product
           | price.
           | 
           | HBM is not manufactured by the GPU vendor, it is an off-the-
           | shelf component that AMD buys like any other company can.
           | Thus, the cost of HBM is tallied in the BOM and integration
           | costs (interposer, packaging, etc).
        
             | bgnn wrote:
             | 800mm^2 die would roughly cost 300-350 usd axcoeding to
             | [1]. That's the Taiwan price and dor N4. This doesn't
             | include the memory or the package. The silicon cost for N3
             | is close to 2x.
             | 
             | [1] https://www.tomshardware.com/pc-
             | components/gpus/spitballing-...
        
       | ZeroCool2u wrote:
       | Here's a gift article link to the original Bloomberg source:
       | 
       | https://www.bloomberg.com/news/articles/2025-07-23/amd-ceo-s...
        
         | snickerdoodle12 wrote:
         | https://archive.is/HS9Gi
        
       | gtirloni wrote:
       | Aren't they shipping the chips back to Taiwan for packaging
       | anyway?
        
         | dangus wrote:
         | Even if they are, it's a positive.
         | 
         | It is potentially worth pointing out that container ships going
         | back to Asia are basically empty, so that return shipping trip
         | is basically free.
        
           | RUnconcerned wrote:
           | Shipping the chips back to Taiwan to be packaged so they can
           | then be shipped back to the United States for sale is a
           | positive? What are you talking about?
        
             | cm2012 wrote:
             | Ocean shipping is very very cheap. Less cost in money and
             | energy to ship a chip across the ocean than for you to
             | drive to best buy to buy the phone its in.
        
               | cheschire wrote:
               | Significantly more pollution though, right?
        
               | xxs wrote:
               | Sea freight is the least polluting one - due to the
               | extreme amount of cargo. Air is expensive and very
               | pollutant.
               | 
               | However, talking about chips that are hundreds of watts
               | each the pollution produced by them is a lot higher than
               | any transport.
        
               | almosthere wrote:
               | But the boat is already going back empty
        
               | wila wrote:
               | and then the chips stay in Asia?
        
               | almosthere wrote:
               | then 5 pounds of chips on the way back is worth millions
               | of dollars so it can be flown on a passenger jet or fedex
               | jet that is already going here. or a boat and take up 3%
               | of a container
        
               | hajile wrote:
               | There are moves being made to test ships with modern
               | "sails". Here's a paper published about a cargo ship
               | fitted with 4 sails in 2010. The findings are interesting
               | with it achieving up to 25% better fuel efficiency when
               | using the sails.
               | 
               | https://www.stg-
               | online.org/onTEAM/shipefficiency/programm/06...
        
               | cm2012 wrote:
               | No, much less pollution. It costs less carbon emissions
               | to ship from Shanghai to California and back then for one
               | person to drive 10 minutes to the store in their personal
               | car.
        
               | perihelions wrote:
               | It's _many orders of magnitude_ more energy to fab a chip
               | than to ship it across an ocean.
               | 
               | TSMC alone accounts for 12% of Taiwan's electricity
               | demand, and growing fast:
               | 
               | https://spectrum.ieee.org/taiwan-semiconductor ( _"
               | TSMC's Energy Demand Drives Taiwan's Geopolitical
               | Future"_ (2024))
        
               | nobodyandproud wrote:
               | What about freight trains?
        
             | AnimalMuppet wrote:
             | It's better (for the US) than if they're made elsewhere,
             | packaged elsewhere, then sold here.
        
               | lenerdenator wrote:
               | Looking at all of the places in the US that used to make
               | things before those things were made elsewhere, I'd say
               | it's not better for the US.
        
             | reliabilityguy wrote:
             | Shipping is a temporary measure.
             | 
             | What's positive is that we have state of the art domestic
             | manufacturing with potential to onshore more and more of
             | the required supply chains, building/educating local
             | expertise, etc etc.
             | 
             | It's silly to focus on shipping.
        
             | mort96 wrote:
             | You can't go all the way in one step. Having built domestic
             | chip capacity is positive for the US, even if domestic
             | packaging capacity isn't there yet. It's obviously not a
             | desirable situation long term.
        
           | KeplerBoy wrote:
           | I wonder if chips are literally shipped or just flown.
           | 
           | The extra transport cost might not matter for these precious
           | chips. A tray full of Epyc or Blackwell dies is an insane
           | number of potential revenue per kg.
        
             | OtherShrezzing wrote:
             | Leading-edge chips are flown almost every time. The
             | opportunity cost of 6 weeks at sea is too high for a chip
             | which can't flow out of the fab fast enough to meet demand.
        
           | Scoundreller wrote:
           | I wouldn't be surprised if air cargo works the same way:
           | outward loads from Asia subsidize inward loads.
        
         | sct202 wrote:
         | Amkor is building a test and packaging facility in Arizona now,
         | so there will eventually be domestic options.
        
         | zdw wrote:
         | There are other US-based packaging - while it's unlikely to be
         | relevant to AMD, Intel does some packaging in New Mexico.
        
       | octopoc wrote:
       | The article doesn't say, but I assume these are SOTA AI chips? If
       | so, it's a huge deal that American can build them.
       | 
       | Another interesting point:
       | 
       | > AMD and larger rival Nvidia Corp. recently gained a reprieve on
       | restrictions imposed on shipments of some types of artificial
       | intelligence accelerators to China. It's still not clear how many
       | licenses will be granted -- or how long the companies will be
       | allowed to ship the chips to the country, the biggest market for
       | semiconductors.
       | 
       | It sounds like they're trying to give China some chips but not as
       | many as American allied countries. I wonder if they're trying to
       | get China "addicted" to western AI chips to hurt Chinese chip
       | manufacturing development?
        
         | dagmx wrote:
         | That is their goal because they saw their restrictions had just
         | made China accelerate domestic development instead.
        
           | FirmwareBurner wrote:
           | China would be stupid to stop the acceleration of its
           | domestic development right now.
        
           | mattnewton wrote:
           | Exactly what most AI researchers would have predicted, if you
           | force like 30% of the worlds top ai researchers to use
           | something other than CUDA, they'll work on improving the
           | tools for something other than CUDA.
           | 
           | It's wild the same administrations would argue for
           | restricting access to the US market for tariffs to strengthen
           | domestic production, would not believe that severely
           | restricting exports to the Chinese market would strengthen
           | their domestic production
        
             | MBCook wrote:
             | You're assuming rationality.
        
         | BrawnyBadger53 wrote:
         | That is certainly what they are lobbying for and I think I
         | agree with the lobbyists for once. Huawei is shaping up to
         | become a strong competitor if left at it and it's probably in
         | the US's best interest to just let Nvidia and AMD sell to China
         | to maintain the hardware monopoly for longer.
        
         | pythonguython wrote:
         | They can make advanced chips in Arizona, but the bleeding edge
         | is in Taiwan. Arizona can make TSMC's 4nm process, but in
         | Taiwan they're doing 3nm and ramping up 2nm.
        
           | procgen wrote:
           | Progress on the 2nm facility (P3) in Arizona is apparently
           | ahead of schedule, slated to be operational in 2027
        
             | bgnn wrote:
             | It's TSMC and Taiwanese state policy is to lag the US fabs
             | bu couple of years as they don't want to lose their
             | strategic importance and their protection that comes with
             | it.
        
         | karmakaze wrote:
         | Export restrictions work similarly to tariffs or subsidies. In
         | the long term they limit domestic products from global
         | competition. DeepSeek comes up with more efficient algorithms
         | out of necessity to compete using lesser hardware. Companies
         | with deep pockets like OpenAI will be first and best, but only
         | for a limited period if they don't invest in efficiency as well
         | as capability.
        
         | lossolo wrote:
         | > I wonder if they're trying to get China "addicted" to western
         | AI chips to hurt Chinese chip manufacturing development?
         | 
         | This has nothing to do with that. It was part of the deal made
         | with China recently in Geneva. The U.S. needs what China has
         | (rare metals), and China needs what the U.S. has (SOTA chips).
        
           | happyopossum wrote:
           | > (rare metals in a place where nobody cares how they're
           | harvested as opposed to the ones in North America that can't
           | be mined due to ecological concerns)
           | 
           | There - that's a little more accurate.
        
       | dhruvmittal wrote:
       | Honestly I thought they might be even more expensive than this
       | 5%-20%, it's good to see that it's not a 100% more expensive.
       | While it seems we've learned some lessons about supply chain
       | resiliency, I'm sure there's a number that puts the brakes on
       | this thing.
        
         | atonse wrote:
         | Probably because they aren't human labor intensive and most of
         | the costs of fabs are in construction and equipment, and almost
         | all of the expensive lithography stuff comes from ASML (a Dutch
         | company)?
        
       | 3836293648 wrote:
       | That's quick. Didn't they only start building that factory two or
       | three years ago?
        
       | reliabilityguy wrote:
       | Discussion from yesterday:
       | https://news.ycombinator.com/item?id=44663074
        
       | seangrogg wrote:
       | A 5-20% markup on CPUs isn't the worst thing, but those still
       | need a mobo to socket into and as far as I'm aware we still don't
       | have much capability on the availability of boards. Are there any
       | companies that are spinning up board production, or even just
       | broader consumer electronics in general (arduinos, pis, general
       | controllers and the like)?
        
         | chazeon wrote:
         | Boards are low tech and low profit, does American company and
         | workers even want to do it?
        
           | actionfromafar wrote:
           | The tariffs are apparently going to bring back t-shirt and
           | sneaker production to the US so it can be great again, so why
           | not boards, too.
        
             | bee_rider wrote:
             | We're at least 4 years away from that, as it would require
             | a round of STEM college students to go EE instead of
             | computer science.
        
             | MBCook wrote:
             | Ask Smoot and Hawley how well that went.
        
           | qzw wrote:
           | Maybe not, but if the entire country doesn't have the ability
           | to manufacture it, then it's still going to be a strategic
           | weakness when push comes to shove. The entire exercise of
           | doing more chip manufacturing in the U.S. is about
           | maintaining national competitiveness and independence. It's
           | certainly not about cost. So I think it's a good point that
           | investments should made to be able to onshore the entire
           | stack rather than just the top end.
        
             | hypeatei wrote:
             | Or we could strengthen alliances with our neighbors and
             | potentially shift some of that burden to them. Trying to
             | move _everything_ here is not feasible. We simply do not
             | have the human capital or willingness to manufacture every
             | low level widget in the world.
             | 
             | What this administration is doing is not a recipe for
             | success: trade wars with _everyone_ , immigration
             | crackdowns, and unpredictable tariff policy.
             | 
             | EDIT: Oh and hinting at invasion (Greenland, Canada)
             | doesn't help either
        
               | MBCook wrote:
               | I agree.
               | 
               | But Taiwan or the rest of Asia is still a problem given
               | the tensions in the area. If China did something it could
               | seriously effect supply even if it wasn't an attack on
               | whichever country was supplying us.
               | 
               | We need friends making things in Canada or the rest of
               | the Americas or Europe or Africa or some other place that
               | isn't China or directly under their thumb.
               | 
               | Even without action by man. The wrong tsunami or whatever
               | could effectively wipe enough out everyone would be
               | screwed.
               | 
               | We need geographical diversity too. The existing
               | alliances we're burning to the ground don't solve that.
        
           | Workaccount2 wrote:
           | Yea, I work in the industry. There are players, but not
           | exactly bountiful. Really the backbone of American
           | electronics manufacturing is military spending. If the
           | defense budget went away, there would be close to zero PCB
           | manufacturers left. China makes higher quality boards, faster
           | and for dramatically less money.
        
             | bgnn wrote:
             | This applies for any manufacturing industry to be honest.
             | US shipbuilding capability is so limited compared to China.
             | It's only surviving because of military spending, but not
             | in a healthy way. US made ships are of lower quality and
             | cost much more, compared to European countries. It's the
             | same for cars, busses, airplanes. Whole US policy is
             | blocking the entry of busses manufactured outside NAFTA. US
             | government is keeping Boeing alive by sending POTUS to
             | marketing trips etc etc.
        
           | bell-cot wrote:
           | Worse - to manufacture _usable_ boards, you need everything
           | from the CPU socket and northbridge chip down to the dust-
           | mote-sized discrete components that are mounted on it. Plus
           | RAM, and ...
           | 
           | 'Most all of which falls square into your "low tech and low
           | profit", from a right-thinking* American company's PoV.
           | 
           | Not to say that a saintly American company could do much
           | better, if it tried to swim uphill against America's vastly-
           | higher cost of living (vs. the countries where most of that
           | stuff's manufactured). And other problems beyond its control.
           | 
           | *profit-obsessed, generally
        
           | seangrogg wrote:
           | If there is a reason to want to in-house the fabrication of
           | chips then it seems silly to not extend that to at least the
           | boards that house them, otherwise we wind up still being
           | reliant on an international supply chain which seems to
           | defeat the purpose.
           | 
           | Even if it was just motherboards in particular and not
           | others, that seems like a necessary step in securing the
           | supply chain and if we only do that for national defense the
           | benefits of competition likely won't extend to consumers that
           | are still exposed to trade taxation.
        
         | doublepg23 wrote:
         | I think Supermicro does some production domestically.
        
         | FuriouslyAdrift wrote:
         | Ajinomoto (Japanese company) is nearly the sole manufacturer of
         | build up film need for CPU manufacturing (for about 30 years).
         | 
         | There's all kinds of stuff like this in supply chains. Low
         | profit, high barrier to entry critical items.
        
           | zht wrote:
           | the MSG company also makes film for CPU manufacturing?
        
             | reaperducer wrote:
             | Large Asian companies tend to have their fingers in lots of
             | different pies.
             | 
             | I haven't been to Asia in a while, but at one time, Hyundai
             | made both computer chips and bulldozers.
             | 
             | Mitsubishi once made computer chips, and had a bank, and an
             | art museum.
             | 
             | There are companies that own both department stores and
             | subway systems.
             | 
             | America used to have a fair amount of this, but it was more
             | common during the Industrial Revolution. Companies that
             | owned both railroads and summer resorts. Oil wells and
             | banks.
             | 
             | Even as recently as the 1990's there were companies that
             | owned both pipelines and fiber optic networks. Toasters and
             | television networks.
        
           | ginko wrote:
           | Ajinomoto the MSG company?
        
             | hampelm wrote:
             | Apparently so! https://www.ajinomoto.com/innovation/our_inn
             | ovation/buildupf...
        
           | jrimbault wrote:
           | Wild to learn this is the same company selling MSG (mono
           | sodium glutamate) and build up film
           | 
           | - https://www.ajinomoto.com/innovation/our_innovation/buildup
           | f...
           | 
           | - https://www.ajinomoto.com/brands/aji-no-moto
        
             | lbcadden3 wrote:
             | Not really shocking considering how Japan likes
             | conglomerates.
             | 
             | Hyundai makes cars and military weapons and probably
             | thousands of other things that aren't even related to each
             | other, don't know if they still make computers.
        
               | skybrian wrote:
               | Hyundai is Korean.
        
               | SpecialistK wrote:
               | To nitpick: Hyundai are Korean but the Korean Chaebols
               | are in many ways even more dominant than Japanese
               | Keiretsu (fmr. Zaibatsu) are. Mitsubishi would be a good
               | Japanese example.
        
         | dboreham wrote:
         | PCBs are relatively easy to make. But there's a whole supply
         | chain of plastic bits and pieces, screws, materials, etc that
         | the MBAs decided decades ago should come from the lowest cost
         | region.
        
           | lotsofpulp wrote:
           | I don't understand how MBAs differ from others in this
           | regard. I have seen people without MBAs minimize costs my
           | whole life.
        
       | CivBase wrote:
       | 5-20% more expensive? That's way cheaper than I expected. That's
       | pretty good, especially for 4nm.
        
         | Workaccount2 wrote:
         | Even 5% more expensive means 80% of people buy the taiwan
         | version for $475 instead of $500.
         | 
         | 20% more expensive and 99.9% of people buy the $500 one instead
         | of the $600 one.
         | 
         |  _Never_ make the mistake of falling for people 's virtue
         | signalling and pay attention instead to how they actually apply
         | those virtues (spoiler: saving money is the #1 acted upon
         | virtue, being far stronger than any other).
        
           | CivBase wrote:
           | If the US can maintain even just 5-10% of production volume,
           | that's a huge win IMO. It means the US has a foundation of
           | knowledge, equipment, and supply chains to expand on in the
           | event of an emergency.
           | 
           | Taiwan is in a precarious position, which is a huge liability
           | for "western" powers. And a liability for us is effectively
           | also a liability for Taiwan, considering we are their
           | protectorate. North America and western Europe are
           | comparatively safe.
        
           | DSingularity wrote:
           | Virtue signaling? What are you talking about. You seem to
           | have an axe to grind.
           | 
           | Cost increase in a single part doesn't necessarily mean the
           | cost of the device needs to go up. If a CPU costs 120$
           | instead of 100$ like that of a competing device 300$ device
           | you can always sell yours for 310$ and make less margins.
           | Things have to get subsidized in the short term if we are
           | going to get domestic production up.
        
           | rkangel wrote:
           | If other people agree with Lia Siu about supply chain
           | resiliency, presumably what will happen is that they buy from
           | both. Maybe they buy more from Taiwan, but the effective
           | price will be somewhere between the two.
        
           | FuriouslyAdrift wrote:
           | That what tariffs are for. Increases the cost of the foreign
           | good to parity with the domestic good (hopefully)
        
           | elcritch wrote:
           | There's many fields where paying 10% extra on parts is more
           | than worth it for shorter and more reliable supply chain. Not
           | to mention probably better for the environment as well. The
           | price for parts is often a small piece of the overall costs.
           | 
           | Seems other agree with me on that:
           | 
           | > And while many companies fear that moving their
           | manufacturing to the U.S. would cost significantly more, some
           | experts estimate that wafer production at the Arizona site is
           | only about 10% more expensive compared to Taiwan. Despite
           | that, the company says that its customers are willing to pay
           | a higher price, with production already sold out until late
           | 2027.
           | 
           | Also interesting that many of the new tariffs settle down to
           | around 10%. That seems like a good balance for the US, and
           | also similar to what European tariffs have been for many
           | industries.
           | 
           | IMHO, the idea of entirely free trade is as dumb as excessive
           | trade barriers. It's like trying to model people as purely
           | rational agents. We're not. It's a decent starting point but
           | we need perturbative models based on empirical information of
           | human biases.
           | 
           | The ideal solution for tariffs is likely a distribution
           | function with a peak around 5-15% with a steep drop off
           | toward 0% and a longer tail for higher tariffs. Because 0%
           | just leaves you open to any market manipulations of malicious
           | foreign actors and corporations looking to offshore for a few
           | cents of profits while higher tariffs lead to increasing
           | protectionism and local companies becoming lax and
           | inefficient.
           | 
           | That would just so happen to align well with these extra cost
           | to manufacture in the USA in this instance.
        
           | ethagknight wrote:
           | This is the manufacturing cost, not the retail MSRP.
           | 
           | _Never_ make the mistake of assuming a market is perfectly
           | efficient and any corporate savings along the way will be
           | passed along to the consumer.
           | 
           | When Apple or Google comes along and buys out next year's
           | total TMSC output, that 80% of people will just have to buy
           | whatever is on the shelf at the time.
        
       | timmg wrote:
       | What I really want to know, from someone who _does_ know: Is
       | Intel cooked? Like, will they be able to _manufacture_ chips that
       | compete with TSMC?
       | 
       | They used to be a crown-jewel of US tech. But it seems like every
       | time I read the news, they are announcing a delay or shutting
       | down some product.
        
         | akdev1l wrote:
         | Tldr; yes they are kind of cooked
        
           | echelon wrote:
           | Why is the government bailing them out then? Is that just
           | good money thrown after bad?
           | 
           | Regardless, it seems like the company leadership should be
           | gutted (the same could be said of Boeing) and the company
           | given over to a new technically-grounded leadership team.
        
             | vFunct wrote:
             | I'm surprised the US just doesn't fund a new fab company or
             | consortium, like Japan did with Rapidus.
             | 
             | But I guess "too much socialism"
        
               | sudofail wrote:
               | A lot of countries honestly should be taking this
               | approach. Fabrication is just too important for national
               | security. At least some domestic production is critical.
        
               | epistasis wrote:
               | I don't think the current Republican leadership has any
               | opposition at all to handing over lots of government
               | money to large business to do things!
               | 
               | The problem is that they are far too incompetent and have
               | zero clue about tech, and only understand real estate,
               | that simplest of business that can be executed with mere
               | lizard-brain intelligence.
               | 
               | Tech is also about small startups disrupting large
               | giants, which is _completely_ antithetical to current
               | Republican leadership ideals, where the wealthiest get
               | all gains, regardless of who does the work.
               | 
               | It will take many years of full-on Democratic leadership
               | to reconfigure the Republican Party back to a somewhat
               | innovation-friendly business party. Meanwhile the
               | Democrats, under Biden, were by far some of the most
               | business-friendly politicians we have seen in perhaps a
               | century, spurring massive investment in factories and
               | industry, mostly across red states. But because it's a
               | politically incorrect fact, it never gets reported.
        
               | cjbgkagh wrote:
               | It irks me that the current administration points to the
               | steel industry doing well as an example of bringing jobs
               | back to the US. Like great you've made an uncompetitive
               | industry more profitable at the expense of every
               | downstream user of that material. Doing the very opposite
               | of what should be done. We're getting to the point, and
               | have passed it in a few industries, where it's more
               | expensive to buy raw inputs in the US than refined
               | outputs from China. That is a level of insanity that
               | cannot last.
        
               | matwood wrote:
               | And to put some numbers on it, there are ~100k steel jobs
               | in the US. So we have kneecapped a ton of other
               | industries impacting millions all to maybe save 100k
               | jobs.
        
               | benreesman wrote:
               | Seniconductor manufacturing was effectively centrally
               | planned via SEMATEC and before that via de facto
               | stewardship by things like the the Labs and later Intel
               | as a vehicle for national policy.
               | 
               | This neat little dichotomy between "free market
               | capitalism" and "centrally planned socialism" is a cute
               | story but also complete fiction. In "capitalist"
               | countries the government basically always runs R&D during
               | any period of time when the stakes are high, and in
               | "communist" countries there are always markets, and they
               | are always sanctioned to some degree.
               | 
               | All of the foundational progress for American leadership
               | in high technology was centrally planned and
               | administered, all of it one way or another: through ATT,
               | through NASA, through the DoD, through the universities.
               | Value _creation_ occurs under the watchful eye of the
               | DoD.
               | 
               | Once in a while we go on an orgy of _extractive_ wealth
               | transfer like now, instead of _creative_ innovation like
               | usually, and the top industry guys always fuck it up. And
               | on cue, yeah this is going great.
        
             | epistasis wrote:
             | What is the alternative, except dependence on foreign
             | countries for key economic inputs?
             | 
             | Betting some on Intel is very wise when the alternatives
             | are, as I see it: 1) investing in TSMC building fabs and
             | creating more of an employee knowledge base and skill base
             | on shore, 2) hoping a US-based startup gets enough traction
             | to grow.
             | 
             | Agreed on leadership. But selecting leadership teams,
             | especially technically-grounded leadership teams is
             | extremely difficult. Which is why companies revert to non-
             | technical leadership so often.
        
             | Workaccount2 wrote:
             | The inability to make SOTA silicon chips domestically would
             | be catastrophic in a event of a war in the east.
             | 
             | TSMC is making fabs in the US, but they are not SOTA fabs.
             | Those are kept in Taiwan.
        
               | sho_hn wrote:
               | A lot of the more complicated equipment in TSMC fabs
               | (e.g. EUV equipment) is from Europe.
               | 
               | Building a fab is no mean feat and loss of infra is a
               | major blow, but it's certainly not impossible to build
               | these fabs in the West, just not economical. You are not
               | starting from scratch.
        
               | wbl wrote:
               | Texas Instruments would like to say hi. You don't need
               | SOTA chips for weapons, but exotic capabilities to
               | process data and interact with the radio and infared
               | world.
        
               | codedokode wrote:
               | Isn't building a TSMC factory in US a violation of a
               | "don't build your home on someone's else land" principle?
               | US will be able to shut down or even nationalize the
               | factory, full of expensive equipment, at any moment. It's
               | like lending a goose with golden eggs to your neighbour.
        
             | cjbgkagh wrote:
             | Throwing good money after bad sounds like something
             | governments are prone to do. Dysfunctions tend to grow as
             | those who benefited from corruption have more money now to
             | spend on more corruption.
             | 
             | Since Intel has been mismanaged for so long I don't know
             | how many good lower level employees they managed to retain,
             | I doubt much would be left if they properly cleaned house.
        
             | tester756 wrote:
             | >Why is the government bailing them out then?
             | 
             | There wasn't any bailout on them, what do you mean?
        
               | _zoltan_ wrote:
               | ???
               | 
               | google://Intel chips act billions
        
               | doublepg23 wrote:
               | I believe that was a reaction to the global chip shortage
               | during COVID. An investment in domestic chip production
               | capabilities not a bailout for bad moves.
               | 
               | Intel was looking bad but not the dire state they're in
               | now.
        
               | tester756 wrote:
               | How can you call it "Intel bailout" if it benefited many
               | semico companies?
               | 
               | >The CHIPS Act primarily benefits semiconductor
               | manufacturers and related industries by providing
               | substantial funding for domestic chip production and
               | research. Companies like Intel, TSMC, Samsung, and Micron
               | have received significant grants and loans to expand or
               | establish new manufacturing facilities in the United
               | States.
               | 
               | >The act authorizes roughly $280 billion in new funding
               | to boost domestic research and manufacturing of
               | semiconductors in the United States, for which it
               | appropriates $52.7 billion
               | 
               | >The act includes $39 billion in subsidies for chip
               | manufacturing on U.S. soil along with 25% investment tax
               | credits for costs of manufacturing equipment, and $13
               | billion for semiconductor research and workforce
               | training, with the dual aim of strengthening American
               | supply chain resilience and countering China
        
             | Yossarrian22 wrote:
             | They actually haven't meet the requirements to get CHIPS
             | funding, and they kinda got screwed with a military deal
             | reducing the amount CHIPS allocated for them if they do.
             | 
             | That being said the government will likely not allow them
             | to fail completely out of the foundry business for
             | geopolitical reasons
        
             | ryanobjc wrote:
             | Because there's a strategic benefit and the cost is
             | practically negligible compared to the cost of this section
             | of the economy going away.
             | 
             | That is the political calculation, not "throw good money
             | after bad" kind of economics 101.
        
           | qzw wrote:
           | Cooked in the short/medium term, yes, but remains to be seen
           | in the longer term. I feel like they're ironically in the
           | same position AMD was in before AMD spun off Global
           | Foundries: not being able to keep up with the new nodes on
           | the manufacturing side, which also drags down the design
           | side. They could follow the same playbook and sell off the
           | foundries, which will be a blow to their pride, but should
           | free them up to compete better on designs alone.
        
         | klysm wrote:
         | I definitely get the vibe that they are rotten to the core from
         | the same financialization strategies that have destroyed
         | Boeing, TI, etc.
        
           | honkycat wrote:
           | Yep, bingo.
           | 
           | They don't want to be competitive they want to bleed the
           | company dry.
        
         | lukevp wrote:
         | Intel is more than just fabs. AMD spun off digital foundry
         | forever ago and just uses TSMC, no reason Intel couldn't do the
         | same. At this point their fabs are a liability. They have a new
         | leader who's from a semiconductor manufacturing background so I
         | have some faith they'll give up on the pursuit of next gen fabs
         | and focus instead on their IP. There's a huge opportunity in
         | their GPU segment. They've gone from a joke to competitive in a
         | couple years, and they offer more VRAM for the dollar. They
         | could tailor towards AI and really get some traction there.
        
           | cogman10 wrote:
           | > no reason Intel couldn't do the same.
           | 
           | Intel is doing the same. IDK if they are working on new fabs
           | at this point, but the last few generations of chips from
           | intel have used TSMC.
           | 
           | My expectation is that Intel might still run fabs, but
           | they'll be mostly contracting them out to people who want
           | cheap ASICs and 10 year old fab tech.
        
             | 9cb14c1ec0 wrote:
             | > IDK if they are working on new fabs at this point
             | 
             | Yes, they are.
             | 
             | https://www.tomshardware.com/tech-
             | industry/semiconductors/in...
             | 
             | Definitely struggling, but still in the game.
        
             | vonneumannstan wrote:
             | How does this scale? TSMC can't literally be the only fab
             | in the world...
        
               | treyd wrote:
               | They're the only fab company in the world with the
               | technology to allow Intel, AMD, and Nvidia to compete
               | with each other on the playing field they do.
        
               | vonneumannstan wrote:
               | Right but at some point does Nvidia use their muscle and
               | block TSMC from making chips for anyone else? The demand
               | for GPUs is just increasing too rapidly for this to make
               | sense.
        
               | j_walter wrote:
               | That will 100% never happen. Nvidia is big, but not even
               | close to a majority of TSMC revenue or loading. Apple,
               | Intel, Qualcomm, etc...
               | 
               | In this case...TSMC is holding all the cards, not Nvidia
        
               | FuriouslyAdrift wrote:
               | Apple was TSMCs biggest customer (25%) and nVidia is 2nd
               | (12-15%). The bigger thing being that between the two,
               | they lock up most of the bleeding edge process capacity
               | and leave everyone else fighting over older processes.
        
               | phkahler wrote:
               | But leading edge these days is like 15 to 20 percent
               | performance or density. It's not a huge lead any more.
        
               | j_walter wrote:
               | You are forgetting AMD...they are up there as well
               | (double digits %). Thats how the compete so effectively
               | with Intel.
        
               | cogman10 wrote:
               | They aren't.
               | 
               | Samsung comes in a close second in terms of tech. GloFo
               | is also still floating around though lagging pretty bad
               | AFAIK. Micron has it's own fabs that they are actively
               | developing (in fact, they are building new facilities
               | right now).
               | 
               | What TSMC is is cutting edge. That's why everyone that
               | needs top performance uses them.
        
               | vonneumannstan wrote:
               | Only one in their class then.
        
               | scruple wrote:
               | They are now but they weren't always. I don't know much
               | about hardware these days, I gleefully walked away from
               | embedded development over a decade ago, but what I
               | believe is that you don't really want to forecast to hard
               | on any single player too far into the future.
        
               | bryanlarsen wrote:
               | Neither Micron nor GloFo are trying to keep up with state
               | of the art, though. AFAICT that's limited to TSMC,
               | Samsung, Intel and SMIC.
        
               | whatevaa wrote:
               | GloFo simply decided to stay at 14nm because beyond that,
               | manufacturing costs actually increase, not decrease, and
               | everybody wants the best, not second best.
        
               | qzw wrote:
               | Samsung is still in the game at the STOA level, but a
               | distant second. But maybe it's the nature of the industry
               | that one winner takes all for a number of years at the
               | top end. After all, Intel was the only game in town for
               | decades.
        
             | phkahler wrote:
             | >> Intel might still run fabs, but they'll be mostly
             | contracting them out to people who want cheap ASICs and 10
             | year old fab tech.
             | 
             | Intel fabs have never had to be as cost effective as
             | others. They were selling top end chips for top dollar for
             | decades. I bet there are 10 other companies that can make
             | 45nm chips cheaper than Intel can on their old equipment. I
             | could be wrong.
        
           | bugbuddy wrote:
           | >digital foundry
           | 
           | global* foundry
        
           | 2OEH8eoCRo0 wrote:
           | Owning fabs is the only thing that makes Intel special IMO.
           | There are dozens if not hundreds of fabless semiconductor
           | companies.
           | 
           | If everyone chases higher margin and ditches their fabs what
           | kind of industry are we left with? One giant fab company like
           | TSMC? That sounds healthy!
        
             | antonkochubey wrote:
             | >There are dozens if not hundreds of fabless semiconductor
             | companies.
             | 
             | How many of them develop high performance x64-64 cores?
        
               | mywittyname wrote:
               | Right now, it makes no sense to do so because they
               | couldn't compete with Intel.
               | 
               | But if Intel joins the fabless club, all of the sudden
               | the playing field gets much more level.
        
               | redeeman wrote:
               | > Right now, it makes no sense to do so because they
               | couldn't compete with Intel.
               | 
               | AMD would disagree?
        
             | FirmwareBurner wrote:
             | _> Owning fabs is the only thing that makes Intel special
             | IMO. _
             | 
             | Maybe if you ignore they're the only player with remotely
             | competitive discrete GPU IP for graphics and AI, after the
             | Nvidia and AMD duopoly.
        
           | mywittyname wrote:
           | > At this point their fabs are a liability.
           | 
           | Intel outsourcing their core product line is also a massive
           | liability. It's just a different kind of liability.
           | 
           | I personally think the world's reliance on TSMC indicates
           | that fabs are critically important infrastructure. And
           | operating a world class one provides a company with a ton of
           | leverage with governments and other businesses.
        
             | zhobbs wrote:
             | I think it also shows that fabs who only have one customer
             | (ie, Intel) aren't as competitive because they can't
             | provide as much scale and are more sensitive to that
             | customer's success.
             | 
             | Intel's fab would be doing much better if it spun it out a
             | while ago and was making Intel, Nvidia, and Apple chips
             | right now.
        
           | dilyevsky wrote:
           | They are bringing a lot of that "liability" online in the
           | next few years. You're ignoring strategic context - as long
           | ad intel maintains domestic fabs it will not be allowed to
           | fail
        
           | cptskippy wrote:
           | > ... I have some faith they'll give up on the pursuit of
           | next gen fabs and focus instead on their IP.
           | 
           | The problem with Intel is that they are so short sighted and
           | they change direction and focus very quickly. Intel will
           | adopt these seemingly great ideas that require 10-20 year
           | strategies, invest heavily in them, and then abandon them 5
           | years later. They always measure initiatives against their
           | core CPU line and if they don't show similar profitability in
           | the short term then they defund and eventually cut the
           | programs entirely.
        
           | BeetleB wrote:
           | > They have a new leader who's from a semiconductor
           | manufacturing background
           | 
           | That's the precious leader. The new CEO is not from a
           | semiconductor manufacturing background. His main claim to
           | success is leading a company that built EDA tools.
        
           | KoftaBob wrote:
           | > At this point their fabs are a liability.
           | 
           | So we're just going to hand control of the US supply of
           | semiconductors completely over to TSMC, Samsung, and the
           | Chinese fabs in the works? That seems incredibly short
           | sighted and reckless.
        
         | VWWHFSfQ wrote:
         | > used to be a crown-jewel of US tech
         | 
         | I feel like x86 itself is kinda legacy tech. So while AMD has
         | made advancements, they're somewhat in the same boat as Intel.
         | 
         | It seems like NVIDIA and Micron are the real "crown jewels" of
         | US tech
        
           | sho_hn wrote:
           | Tech-wise places too much premium on the ISA. Modern
           | processor design is fairly orthogonal to the ISA being
           | exposed.
           | 
           | Intel could make exciting RISC-V relatively quickly if they
           | wanted to; what stops them and other companies like this is
           | the strategic asset they perceive their existing ecosystem
           | as.
        
             | codedokode wrote:
             | I don't think so. For example, if an ISA requires a strict
             | memory ordering, this makes the architecture more
             | complicated than an ISA with relaxed memory ordering,
             | although the latter is a pain to write code for.
        
             | protimewaster wrote:
             | There's a nice interview with Mike Clark where he talks
             | about this a bit. His take basically matches this. He says
             | that, in his view, any efficiency benefits of ARM are just
             | that's been the market for ARM. In his view, if x86 had a
             | market motive for ARM levels of efficiency, they'd be able
             | to deliver it. But, historically, the x86 market wants
             | performance more than efficiency, so that's what it gets.
             | 
             | https://www.computerenhance.com/p/an-interview-with-zen-
             | chie...
        
           | tester756 wrote:
           | ISA is irrelevant
           | 
           | It's like saying that programming language syntax/keywords
           | are better than the other.
           | 
           | Everything is about compiler, lib, runtime, etc.
           | 
           | https://chipsandcheese.com/p/arm-or-x86-isa-doesnt-matter
           | 
           | Also some people say that RISC-V is the way to go
        
             | riehwvfbk wrote:
             | And yet Itanium flopped.
        
               | lallysingh wrote:
               | They required unreasonable things from the compiler for
               | instruction scheduling.
        
               | ben-schaaf wrote:
               | By all accounts I can find Itanium performance was good,
               | perhaps even great when writing assembly. It seems to
               | reinforce the point that ISA doesn't really matter.
               | 
               | But let's be clear: Of course ISA matters. It's just as
               | trivial to make a bad ISA as it is a bad syntax. But does
               | the ISA of modern superscalar processors matter? Probably
               | a bit, but certainly not a whole lot.
        
               | dboreham wrote:
               | It wasn't good vs peer competitors at the time (HP-PA,
               | DEC Alpha, IBM RS/6000, even MIPS). And it was very
               | expensive. Huge die. It was an expensive, strange thing,
               | that didn't have the necessary 2X peer performance
               | advantage to offset those issues.
        
               | ajross wrote:
               | But not because of its ISA. I mean, to first
               | approximation _everything_ is a  "flop" in semiconductor
               | architectures (or really in tech in general). The
               | population of genuinely successful products is a tiny
               | fraction of the stuff people tried to sell.
               | 
               | In this particular case: ia64 leaned hard into wide VLIW
               | in an era where growing transistor budgets made it
               | possible to decode and issue traditional instructions in
               | parallel[1]. The Itaniums really were fine CPUs, they
               | just weren't particularly advantageous relative to the P6
               | cores against which they were competing, so no one bought
               | them.
               | 
               | [1] In some sense, VLIW won as a matter of pipeline
               | architecture, it only lost as a design point in ISA
               | specs. Your Macbook is issuing 10 arm64 instructions
               | every cycle, and it doesn't need to futz with the
               | instruction format to do it.
        
               | wbl wrote:
               | VLIW came with an implication that static scheduling
               | would win out. The deeply OoO chips you see now have a
               | very different architecture to support that: Itanium was
               | much more a DSP like thing.
        
               | ajross wrote:
               | Even in VLIW, DRAM fetches are slow, instructions have
               | variable latency and write-before-retire register
               | collisions require renaming. Itanium would have gotten
               | there at some point. OO isn't an optional feature for
               | high performance systems and that was clear even in the
               | 90's.
        
               | wbl wrote:
               | If you have that what's the VLIW getting you?
        
               | ajross wrote:
               | Fewer transistors and pipeline stages required for the
               | decode unit, which is a real but moderate advantage. And
               | it turned out the window was very narrow and the relative
               | win got smaller and smaller over time. And other
               | externalities where VLIW loses moderately, like total
               | instruction size (i.e. icache footprint) turned out to be
               | more important.
        
               | cesarb wrote:
               | > Fewer transistors and pipeline stages required for the
               | decode unit, which is a real but moderate advantage.
               | 
               | Isn't having fixed-size naturally-aligned instructions
               | (like on 64-bit ARM) enough to get that advantage?
        
               | ajross wrote:
               | ARM is easier than x86, but not really. VLIW instructions
               | also encode the superscalar pipeline assignments (or a
               | reasonable proxy for them) and are required to be
               | constructed without instruction interdependencies (within
               | the single bundle, anyway), which traditional ISAs need
               | to spend hardware to figure out.
               | 
               | Really VLIW is a fine idea. It's just not _that_ great an
               | idea, and in practice it wasn 't enough to save ia64. But
               | it's not what killed it, either.
        
               | codedokode wrote:
               | The problem with ia64 was that if you had 1000 legacy
               | applications for x86, written by third-party contractors,
               | for many of which you don't even have the source, then
               | ia64 must be 100x better than standard CPUs to justify
               | rewriting the apps.
               | 
               | And by the way that's why open source makes such
               | migrations much cheaper.
        
               | codedokode wrote:
               | Out-of-order architectures are inhumanly complex,
               | especially figuring out the dependencies. For example,
               | can we reorder these two instructions or must execute
               | them sequentially?                   ld r1, [r2 + 10]
               | st [r3 + 4], r4
               | 
               | And then consider things like speculative execution.
        
               | wbl wrote:
               | But you already pay that price anyway.
        
               | tadfisher wrote:
               | If only that could have worked, then we could have
               | avoided the whole Spectre/Meltdown mess and resulting
               | mitigations.
        
               | mort96 wrote:
               | Itanium is irrelevant to this discussion. x86 works the
               | same as its ARM and RISC-V competitors: a fairly compact,
               | abstract language which describes a program, which
               | depends on an instruction decoder to translate the
               | abstract instructions into microarchitecture-specific
               | instructions. VLIW is a huge departure from that.
               | 
               | When people say "ISA doesn't matter", they mean that the
               | "legacy cruft" in x86 doesn't matter (that much) and that
               | x86 remains competitive with other similar ISAs. It
               | doesn't mean that the difference between VLIW and
               | traditional ISAs doesn't matter. ISA _paradigm_ still
               | matters, just not the  "syntax".
        
           | sapiogram wrote:
           | > I feel like x86 itself is kinda legacy tech.
           | 
           | The impact of ISA is overrated, it's much more important that
           | the ISA continues to grow and adapt as CPUs get larger.
        
           | FuriouslyAdrift wrote:
           | modern x86 chips (for a long time really) are hybrid
           | CISC/RISC at the hardware level. It's at the microcode that
           | the ISA lives and that's changeable.
        
             | cesarb wrote:
             | > It's at the microcode that the ISA lives and that's
             | changeable.
             | 
             | No, it's not. In modern high-speed CPUs, many instructions
             | are decoded directly, without going through the microcode
             | engine. In fact, on several modern Intel CPUs, only one of
             | the instruction decoders can run microcode ("complex")
             | instructions, while all the other decoders can only run
             | non-microcode ("simple") instructions.
             | 
             | It would be more precise to say that it's at the "front-
             | end" part of the core (where the decoders are) that the ISA
             | lives, but even that's not quite true; many ISAs have
             | peculiarities which affect beyond that, like flags on x86.
        
               | FuriouslyAdrift wrote:
               | It was my understanding that even direct coded
               | instructions are still translated by the microcode into
               | the actual signals to allow for errata patching since the
               | P6 architecture and to maintain a common ISA target
               | within a family of processors with diffferent physical
               | characteristics.
        
               | FuriouslyAdrift wrote:
               | I think I am conflating micro-ops with microcode and your
               | above comment is the correct way of thinking about it.
        
         | hajile wrote:
         | Intel's fab issues are overstated in my opinion. They were
         | stuck on 14nm for a very long time because they bit off too
         | much with 10nm. People act like that means ALL research in
         | nodes smaller than 10nm must have stopped, but that's simply
         | not true as research into tech and materials needed for smaller
         | nodes happens in parallel.
         | 
         | It's also noteworthy that GAAFET being a complete redesign of
         | major parts of the manufacturing process levels the playing
         | field significantly. A big example of this is Japan's Rapidus
         | which was founded in 2022 and has managed to invent (and
         | license) enough stuff to be prototyping GAA processes.
         | 
         | Intel's 18a process seems to be quite good. It's behind TSMC in
         | absolute transistor density (SRAM density seems to be the same
         | as N3E), but ahead on hard features like BSPD and maybe on GAA
         | too. I suspect that they didn't push transistor density as hard
         | as they could because BSPD and GAA tech were already big, risky
         | changes.
         | 
         | We'll have a much better idea of Intel's fab future with 14a
         | and 10a as they should show a trend of whether Intel's fabs can
         | catch up and pass TSMC or if they run out of steam after the
         | initial GAA bump.
        
           | FuriouslyAdrift wrote:
           | They just farmed out the compute section of Nova Lake to TSMC
           | which is a sad statement (probably a good business decision,
           | though).
        
             | hajile wrote:
             | This isn't very surprising. Intel has already been making
             | their GPUs at TSMC for quite a while now (I believe using
             | N4). Porting and validating that GPU to Intel fabs would be
             | expensive and take a lot of time.
             | 
             | There is talk about the next version of Arc using 18a. If
             | it does, I'd expect Intel to move that generation's compute
             | tiles to 18a as well.
        
             | reaperducer wrote:
             | _They just farmed out the compute section of Nova Lake to
             | TSMC which is a sad statement_
             | 
             | Apple farms out its displays to Samsung, a competitor. It's
             | just how business is done.
        
               | thewebguyd wrote:
               | I'm not even sure you could say Samsung is a competitor
               | to Apple anymore in the phone space, at least in the US -
               | I doubt there's much switching going on where people are
               | frequently enough making a decision to change ecosystems,
               | at least for existing customers.
               | 
               | Samsung's competition is Huawei, Xiaomi, Oppo, etc.
        
               | FuriouslyAdrift wrote:
               | Apple does not nor have they ever made displays. Intel on
               | the other most definitely makes CPUs. That's the
               | difference.
               | 
               | Apple just recently moved back into the hardware space
               | after farming everything out since the iMac gen2 days.
               | Hell, I remember the Mac clones. I miss Power Computing.
        
             | mbreese wrote:
             | Has it been confirmed that the compute section is
             | exclusively TSMC? My limited searching turned up nothing
             | definitive and wasn't clear about if there would be a mix
             | of 18A and TSMC N2 in all processors or if this was a
             | contingency plan for increased volume or if this was a
             | fallback in case 18A falls through.
        
             | roboror wrote:
             | Didn't they commit to that quite some time ago?
        
           | dathinab wrote:
           | I think their problem is less about material knowledge to
           | shrink nodes but about development tooling to make chip
           | design more efficient, scalable and allows experimenting with
           | more new approaches/allows larger shifts without planing
           | years ahead for it.
           | 
           | TSMC by collaborating with many different customers with
           | different needs had a lot of insensitive to not just create
           | powerful tooling for one kind of CPU design approach but also
           | being very flexible to allow other approaches for other
           | needs. And AMD has repeatedly interrelated on their whole
           | tool chain and dev. processes for many years while Intel was
           | somewhat complacent with what they had.
           | 
           | And a bunch of the recent issues with CPUs internally dying
           | sound a lot like miss-design issues which tooling should have
           | coughed (instead of looking like fundamental tech/production
           | issues).
        
             | lotyrin wrote:
             | From what I could gather while I was inside (2010-ish, but
             | not directly involved with chip product lines) there was
             | just incredible hubris company wide. "Intel Architecture is
             | the best because we made it and we're the best"
             | essentially.
             | 
             | They were wasting a ton of time and effort eagerly trying
             | to convince Apple to put IA into phones despite obvious
             | failures to deliver power-effective chips (Atom being the
             | result of these efforts from what I understand). They were
             | spending a lot of time and money trying to start up like a
             | junk ware app-store thing for PCs that they could use OEM
             | relationships to peddle, as if the PC ecosystem belonged to
             | them the way that Android did to Google or Apple's
             | ecosystem to Apple, not realizing that if anyone has that
             | power it's Microsoft (but they also don't).
             | 
             | It was pretty shocking coming from a hacker/cyberpunk
             | culture where everybody had been dunking on Intel designs
             | for over a decade. (I personally had been waiting for an
             | ARM laptop since around 2000.) A lot of leadership I got to
             | interact with were business/people-people types that truly
             | seemed to believe that the best product boiled down
             | entirely to social perception of status and has zero basis
             | in reality. Basically the company seemed to be high on the
             | Intel Architecture's accidental monopoly over personal
             | computing thanks to PC-WinTel becoming so dominant (and
             | Apple's later capitulation) and seemed to believe that it
             | was all because of their "genius" Intel Inside marketing
             | campaigns (which _were_ pure social status signaling, but
             | with an effect of avoiding price competition with lower-
             | cost IA rivals AMD,Citrix,VIA and holding power over OEMs
             | rather than being responsible for the market situation
             | around IA in the first place).
             | 
             | Maybe something in the Hillsboro/Beaverton area's water?
             | Both they and Nike seem to entirely consist of a diet of
             | their own farts.
        
               | bee_rider wrote:
               | It also probably didn't help with that arrogance issued,
               | that ARM laptops were tried... more than a couple times,
               | and didn't generally work out. I mean, these new
               | Snapdragon things might be good. But Intel successfully
               | fended off multiple generations of Surface RT devices
               | from their pseudo-partner Microsoft, from 2012 until
               | recently.
               | 
               | Of course, one could have done an ARM Linux device at any
               | point in that timeline, but using efficient software is
               | apparently cheating.
        
           | mort96 wrote:
           | Didn't it just come out that Intel is considering scrapping
           | 18a? That's not a good sign. And all of their current CPUs
           | are on TSMC, aren't they?
           | 
           | I would be _very_ surprised if 14a and 10a comes out soon
           | enough to be competitive with TSMC.
        
             | hajile wrote:
             | The rumor is that Intel might not offer 18a to external
             | customers rather than getting rid of 18a itself. A lot of
             | this seems to be due to their design libraries still being
             | quite proprietary and not much to do with the viability of
             | the process itself.
             | 
             | It's not about how soon 14a and 10a come out, but rather
             | about how good they are when they arrive. 14a will be
             | competing against TSMC A16 in late 2026 and 10a will be
             | competing with TSMC A14 in late 2027. The measure of
             | Intel's success will be whether they are gaining or losing
             | vs TSMC.
             | 
             | On the customer front, I think customers are probably
             | necessary to offset the ever-increasing R&D costs and an
             | extra year or two to work on making their libraries more
             | standardized may be best for everyone.
        
             | BeetleB wrote:
             | They're not scrapping 18A. Panther Lake is slated to be
             | manufactured on 18A. The rumors are about Intel giving up
             | on finding Foundry customers for 18A, and instead targeting
             | 14A for Foundry.
        
           | giantg2 wrote:
           | I'm not very knowledgeable on all those technical points. How
           | does this explain what I see as a consumer? I built a PC last
           | year and went with AMD while historically I've gone with
           | Intel. For a similarly performing CPU it seemed that AMD was
           | cheaper and more power efficient.
        
           | bee_rider wrote:
           | On an emotional level I want to root for Intel (like most of
           | the nerds here, they fabbed a good chunk of the magical
           | elements of my childhood).
           | 
           | It seems difficult to figure out if they are getting back on
           | track, though. They always seem to just be a couple years
           | from finally catching up to TSMC.
        
             | SlowTao wrote:
             | I used to say "Never bet against Intel", it was because
             | everytime they seemed to be behind they would pull
             | something out and regain the loss in short order.
             | 
             | But so far nothing of the sort has happened for a long
             | time. If feels like ever since Ryzen landed, they have been
             | desperate to catch up but keep tripping on themselves.
             | Losing Apple, while inevitable, has made them look even
             | more irrelevant. They still do decent stuff for the most
             | part but there isnt anything really exciting.
             | 
             | I do like what they are doing with Arc GPUs but it is clear
             | those are loss leaders and it isnt really gaining that much
             | traction.
             | 
             | Alas, this is a story where we will have a better
             | understanding in five years from now.
        
           | modeless wrote:
           | Intel went from three years ahead to three years behind in
           | ten years. It's a generational fumble.
           | 
           | 18A is canceled for foundry customers, it's not going to save
           | them. If they can't get it together for 14A, they are toast.
        
             | meepmorp wrote:
             | Do they have foundry customers? Serious question; I
             | remember Gelsinger's IFS announcement and that they had
             | some launch partners, but haven't seen much since.
        
           | nomel wrote:
           | > Intel's fab issues are overstated in my opinion.
           | 
           | The fact that they _can 't_ use their own fab for 30% of
           | their products [1], all of which are those that require power
           | efficiency and compute performance [2], suggests it is _not_
           | overstated.
           | 
           | [1] https://www.tomshardware.com/tech-industry/intel-will-
           | keep-u...
           | 
           | [2] https://www.extremetech.com/gaming/intel-is-using-
           | tsmc-4nm-f...
        
         | 2OEH8eoCRo0 wrote:
         | Intel made mistakes. TSMC can make mistakes. TSMC is also in
         | geopolitically risky Taiwan. I'm not counting out Intel yet.
         | 
         | They're also very unpopular online so it's tough to find solid
         | unbiased info about them. Like is the stink about 18A true or
         | do people just want to hate on Intel?
        
           | klooney wrote:
           | Yeah, TSMC reliance may look crazy by 2030
        
             | FuriouslyAdrift wrote:
             | 2027-28 is the high danger range. (Davidson Window https://
             | www.realcleardefense.com/articles/2021/07/03/closing... )
        
             | preisschild wrote:
             | Honestly, I like it. It gives Taiwan revenue to be able to
             | defend itself from an aggressor.
        
         | rich_sasha wrote:
         | I'm not into hardware but I remember when AMD was sneered at,
         | and all real CPUs were Intel. Then Ryzen happened. My meta
         | conclusion is that its super hard to tell when someone is done,
         | and it can change quickly.
         | 
         | Or not. Sometimes it if looks like terminal decline, it simply
         | is terminal decline.
        
           | Arainach wrote:
           | These things go in cycles and predate Ryzen by a lot. The
           | late-model Pentium 4 chips were overheating power-guzzling
           | garbage compared to the Athlon XP, and the Athlon 64 was a
           | serious competitor to the Core 2 series. Ryzen is the current
           | incarnation of AMD coming into vogue in desktop, but it's not
           | like it took them 40 years to get there.
        
             | koverstreet wrote:
             | AMD had been gradually working their way up for a long time
             | - the K6-III was an excellent CPU for the time.
        
               | cptskippy wrote:
               | The K6 line was a functional CPU but I wouldn't call them
               | "excellent". The K6-III was basically a K6-2 with
               | integrated cache, much the same way the Pentium III was a
               | Pentium II with integrated cache. Despite the fact that
               | AMD tried to replicate Pentium branding on the K6 line,
               | they very much competed with Celerons in terms of market
               | place and performance.
               | 
               | Indeed that's how they were marketed where I worked
               | (Office Max) and were priced and spec'd comparably to the
               | Celeron based offerings from IBM, HP, and Packard Bell.
               | 
               | Another issue with the K6 line was they were always a
               | generation behind at a time when Intel was rapidly
               | rolling out technologies like MMX and SSE. Intel
               | coordinated with software manufacturers and had launch
               | day examples that presented significant performance gaps
               | between the CPU lines.
               | 
               | The K6 also had a shorter execution pipeline than Pentium
               | so it struggled to hit 400mhz when Intel was approaching
               | 500mhz. That's why the Athlon was such a shock because it
               | arrived at 700mhz and stomped everything.
               | 
               | Looking back at the K6 line now, they likely perform far
               | better then they did at the time because software
               | eventually got around to supporting the hardware.
        
               | SlowTao wrote:
               | Minor correction. Athlon arrived at 500MHz, 550MHz and
               | 600MHz. But they were still a big shock when they
               | arrived. They were the first chip in a long while to
               | really take on Intel and succeed.
               | 
               | The 650MHz came two months after than, and 700MHz another
               | two months later. 6 months later 1GHz! It is easy to
               | forget just how rapid performance increased in the late
               | 90s.
        
               | cptskippy wrote:
               | I'm trying to reconcile that with my memory. Pre-launch
               | the AMD rep approached the electronics salesmen where I
               | worked and offered us a deal to purchase a K7 700mhz for
               | like $200. It came with a Biostar motherboard, a brand
               | I'd never heard of back then.
               | 
               | I remember it was a K7 700 because it was the first from
               | scratch PC that I ever built. Everything before and
               | probably since has been a Ship of Theseus.
        
             | alexjplant wrote:
             | The last time I built a PC was around a decade ago but I
             | always bought AMD simply because they were cheaper for
             | equivalent performance in the middle. Getting an adequate
             | CPU for hundreds of dollars cheaper than the higher-end
             | Intel chips meant that I could afford the second-highest-
             | end GPU that NVidia had at the time. This made a lot more
             | sense for gaming workloads as $300 towards the GPU had a
             | much bigger effect on frame rate than $300 towards the CPU.
             | 
             | These days iGPUs run pretty much any game I care to play so
             | it doesn't matter.
        
               | SlowTao wrote:
               | My desktop is now about 12 years old with a 1650 GTX GPU.
               | Still does everything I need perfectly fine. It is funny
               | seeing some lower powered offerings with iGPUs that run
               | circles around this thing. It is looking like my next
               | machine will probably not have a dedicated GPU, at least
               | at first. The intergrated stuff is pretty decent when the
               | newest games you have are about 4-5 years old or just
               | target lower specs.
        
             | hnuser123456 wrote:
             | Athlon 64 competed with first-gen Core, but Core 2 thru
             | Sandy Bridge is what left AMD in the dust for 10 years.
        
             | perbu wrote:
             | They made the amd64 architecture. Let's not forget that.
        
           | cptaj wrote:
           | That has happened like 4 times with AMD already since I've
           | been buying PCs
        
             | iforgotpassword wrote:
             | Yup, though it's been never such a good run for them by
             | far. Granted things were moving much faster back then
             | overall, but amd has been dominating for 7 years now.
        
             | lotsofpulp wrote:
             | The problem for Intel is all the growth since mid 2000s is
             | non PC.
        
             | bee_rider wrote:
             | Switching to TSMC broke their negative feedback loop,
             | though. In the past AMD could be relied on to somehow not
             | have the money to invest in their fabs at some point,
             | resulting in another Intel era.
             | 
             | Nowadays, there _will_ be another process node from TSMC.
             | If AMD doesn't pay for the R &D, TSMC's other customers
             | (like Apple and... actually, Intel) will instead.
        
           | babypuncher wrote:
           | A big part of AMD's turnaround was going fabless.
           | 
           | I think the big fear here is that if Intel does the same,
           | there won't be much competition left in the fab space.
           | 
           | Is Samsung still competitive with TSMC?
        
             | 0x457 wrote:
             | > A big part of AMD's turnaround was going fabless.
             | 
             | Part of it, sure, but they were still fabless and in the
             | ditch before Zen. Unless you're referring to going with
             | TSMC instead of GloFo as going fabless.
        
               | uluyol wrote:
               | They had contracts which forced them to buy Global
               | Foundries even lasting into Zen 2 (I believe they used it
               | with the IO die).
        
               | 0x457 wrote:
               | Yes, but that contract was a result of going fabless and
               | spinning off GloFo into its own entity longer before Zen.
               | AMD went fabless in 2009 during K8 lifecycle. Since then,
               | we had an entire dynasty of failed bulldozer CPUs. I fail
               | to see how going fabless helped them?
               | 
               | What helped them is putting the right people in charge of
               | Zen design and intel fumbling 10nm due to their own
               | hubris.
        
           | etempleton wrote:
           | Everyone thought AMD was done. Intel is going through a
           | difficult transition, but if they can make 18a /14a work and
           | keep improving their GPU line we could be having the same
           | conversation about AMD in 10 years.
        
             | leptons wrote:
             | I used to be a die-hard Intel customer, and recommended to
             | everyone that asked me what to but, to buy Intel. That has
             | changed. Now it's price/performance that matters more than
             | brand. Intel also had a few missteps that made the brand
             | lose a bit of its luster.
             | 
             | My most recent computer is AMD Ryzen based, but we just
             | bought an Intel-based Dell for my partner because the
             | price/performance was better than comparable AMD machines
             | at the time, possibly due to a sale. But the Intel chip is
             | a lot faster than my laptop, so now I'm a little bit
             | jealous of the Intel machine.
        
               | vkazanov wrote:
               | Sounds weird.
               | 
               | I have 2 intel/dell laptops and thinkpad/amd 14s laptop.
               | Both Dells (a workstation-class 22 core cpu and a more
               | power-efficient one) suck massively when compared to amd
               | ai-something-something-ryzen.
               | 
               | What's worse, intel drivers are a mess on linux right
               | now. Dell xps 13 plus is the worst laptop I had in a
               | decade, and that's after owning every Linux-preinstalled
               | Dell XPS 13 ever released.
        
               | bee_rider wrote:
               | We think of "Ryzen based" as recent, but the first
               | generation of Zen was from 2017-2018. If it possible that
               | your machine has earned retirement?
        
             | MBCook wrote:
             | That's a big if.
             | 
             | "If Intel can just get this next node they'll be sitting
             | pretty" is what people have been saying for over a decade
             | isn't it?
             | 
             | Just getting the nodes working and producing enough chips
             | has been a huge issue for them, let alone having good chip
             | designs on top of that.
             | 
             | "No one got fired for choosing Intel" has stopped applying.
             | They're even losing server marketshare, which was their
             | rock.
        
           | FuriouslyAdrift wrote:
           | AMDs fab in Dresden was highly respected as the most
           | efficient fab in the world back in it's day. AMD really took
           | off after they purchased NexGen and rolled out the K6.
        
           | bigfatkitten wrote:
           | AMD has supposedly been on the verge of being done for over
           | 40 years now.
        
         | ksec wrote:
         | >What I really want to know, from someone who does know: Is
         | Intel cooked?
         | 
         | I dont know if I count, but at least I wrote about TSMC before
         | most if anyone knew much about TSMC. Which is when Apple
         | brought them to spotlight.
         | 
         | It depends on how you define or count as being able to compete
         | with TSMC?
         | 
         | If Intel _technically_ leapfrog TSMC and their 18nm is better
         | than TSMC 20nm this year but;
         | 
         | It is 30 - 40% more expensive.
         | 
         | It has lower Gross margin, or even negative margin.
         | 
         | It has much lower volume and capacity.
         | 
         | It is slower in ramping up capacity for future capacity
         | planning.
         | 
         | It has limited IP range for its foundry.
         | 
         | It has less packaging options.
         | 
         | It does not have other high speed, low power or analog node
         | options.
         | 
         | At what point does it count as competing? Because right now
         | there isn't a single metric that Intel Foundry is winning. And
         | they are feeling _exactly_ the same as Global Foundry or AMD
         | when Intel Foundry advancement is getting all the oxygens.
         | 
         | And even if they did, with a magic wand got them to compete
         | with TSMC on every single one of the item above, in medium to
         | long term there isn't a single chance Intel could compete with
         | their current board and management.
         | 
         | TSMC leadership and management team is Nvidia's level great. I
         | cant think of any other tech company that could rival them.
         | Their only risk is China.
        
           | etempleton wrote:
           | They don't really need to be better than TSMC, they need to
           | be one node behind and roughly competitive on price /
           | performance.
           | 
           | The first year of TSMCs latest process goes to Apple. And the
           | second few years are booked completely full. There is room
           | for Intel if they can just get in the ballpark of TSMC.
        
             | wbl wrote:
             | Price/performance, not node is what matters.
        
           | SkyMarshal wrote:
           | _> If Intel technically leapfrog TSMC and their 18nm is
           | better than TSMC 20nm this year but;_
           | 
           | Think you mean 1.8nm, aka 18A. We're way past 18nm and 20nm.
        
             | swores wrote:
             | How long ago did nm numbers stop being descriptions of size
             | of chip and start being purely marketing names? About a
             | decade?
        
               | bee_rider wrote:
               | While it is true that the nm numbers are bullshit, using
               | the same made-up number helps keep the conversation on
               | track, haha.
        
               | danparsonson wrote:
               | https://www.extremetech.com/computing/296154-how-are-
               | process...
               | 
               | "For a long time, gate length (the length of the
               | transistor gate) and half-pitch (half the distance
               | between two identical features on a chip) matched the
               | process node name, but the last time this was true was
               | 1997"
        
               | swores wrote:
               | Oh wow, I didn't realise it has been that long! Thanks
               | for sharing
        
           | rossjudson wrote:
           | _Was_ Intel 's board and management great? Like, when did it
           | change?
        
         | fidotron wrote:
         | Some of us have been pointing out Intel was in a systematically
         | impossible situation even back when they had that process
         | advantage, now almost a decade ago.
         | 
         | Quite simply imagine being dropped in as CEO of Intel in 2015.
         | Could you have prevented the malaise of today?
        
           | grumpy_coder wrote:
           | A fine time to cancel Larabee properly and get serious about
           | specialized GPU hardware five years earlier.
        
         | dathinab wrote:
         | they seem very cooked
         | 
         | I think they have a lot of potential in the dedicated GPU
         | space, but that is a consumer market so profit margins are
         | smaller and they have potential in the low-to-mid-end market so
         | even less margin. It's really sad as the competition there
         | would help consumers.
         | 
         | the sad thing is, it was predictable. Wintel and other
         | monopoly-like deals/situations had removed the need to
         | compete/stay on edge from Intel. They then noticed it too late
         | and made mistakes when trying to course correct/having to much
         | innovation dept to effectively course correct screwed them up
         | big
         | 
         | At the same time AMD again and again re-invented and optimized
         | their development flow and experimented with alternative
         | approaches and did not shy away from cooperating with TSMC and
         | implicitly through that Nivdea and other (sometimes also
         | Intel). Intel on the other hand AFIK got stuck on a approach
         | where they had a edge over AMD but which was seem to have
         | turned out to be somewhat of a dead end.
         | 
         | what is interesting is how TSMC has so far avoided the same
         | kind of trap
         | 
         | - by having competing customers and having deep research co-
         | operations with all the customers they brought competition and
         | innovation back into a monopoly in a round about way like
         | position
         | 
         | - having limited capacity of the newest tech which their
         | competing customers bit for bring in monetary insensitive to
         | innovate
         | 
         | - and them being somewhat of a life line for their country put
         | a lot of pressure onto them to not break their own innovation
         | machine for greed (e.g. by intentionally not expanding the
         | availability of the latest node even when they technically
         | could)
        
           | phkahler wrote:
           | >> I think they have a lot of potential in the dedicated GPU
           | space
           | 
           | I think dedicated GPUs will be dead soon. AMD will beat
           | nVidia with APUs that compete with midrange DGPU in
           | performance with lower system cost. With AI using GPUs we
           | want the shared memory of the APU rather than splitting RAM
           | into two mutually exclusive areas - witness boards starting
           | to use soldered ram in 64 and 128GB configurations. nVidia
           | can't compete without x86 cores and Intel just cant compete
           | for now.
        
             | dathinab wrote:
             | yeah that might happen
             | 
             | I mean for gaming there is already the Ryzan Max+395 which
             | already is beyond the level of low end graphics (at least
             | if placed in a desktop where it's not heat/power
             | throttled). But it's a bit of a unicorn (especially if you
             | look for a system where it can run full throttle).
             | 
             | but I'm not sure about the beat nVidea part, nVidea has
             | some experience with putting ARM CPUs on their graphic
             | cards and as far as I remember on for their server center
             | solutions there is one which pairs up graphic cards (and
             | their RAM) over PCIe and mostly cuts out the CPU
        
         | ryao wrote:
         | Intel's chances of being a foundry for others are close to 0.
         | It does not matter how good their process technology is. The
         | problem is that Intel was an IP thief in the 80s and 90s; being
         | a foundry requires trusting Intel with the exact IP Intel was
         | known for stealing and nobody wants to take the risk.
        
           | gond wrote:
           | Never heard of that one. Could you provide sources for the
           | argument?
        
         | drcongo wrote:
         | As a data point of one, and one that really doesn't know much
         | about chip fabs, I tend to see the "Intel Inside" sticker as a
         | warning. I have no idea how they ever win back consumer trust.
        
         | honkycat wrote:
         | Intel needs to course correct.
         | 
         | I live in the area and know a LOT of intel fab workers.
         | 
         | The issue is not the workers: Intel has been captured by
         | corporate raiders and toxic management.
         | 
         | They aren't interested in making chips or an innovative
         | company. They just want to squeeze the juice out of the company
         | until it is dry.
         | 
         | That is why it is so bad.
        
           | nobodyandproud wrote:
           | Does that mean Intel needs to go private?
        
             | phkahler wrote:
             | Hahaha that would nail the coffin shut!
        
           | lotsofpulp wrote:
           | They were not caught by corporate raiders (feel free to
           | provide names of outside investors that caused them to
           | stagnate).
           | 
           | Instead of investing in the future and paying top dollar for
           | top employees, the Board paid the shareholders (even 20 years
           | ago). They never even tried to compete for the best
           | employees, and instead let them all go to
           | Alphabet/Apple/Amazon/Meta/Microsoft/Nvidia/Netflix.
           | 
           | This includes the employees in management.
        
             | phkahler wrote:
             | That became abundantly clear when Jim Keller walked in and
             | out so quickly.
        
           | hollerith wrote:
           | >Intel has been captured by corporate raiders
           | 
           | Could you explain to those of us who don't understand how
           | corporate raiders have influenced Intel's strategy?
        
         | jcalvinowens wrote:
         | > Is Intel cooked?
         | 
         | IMHO the whole user-visible p-core/e-core thing on desktop CPUs
         | is one of the worst decisions in the history of
         | microprocessors. My gaming machines need to do double-duty as
         | as build boxes, so they're just utterly unusable for me.
        
           | wtallis wrote:
           | Why is the asymmetry a show-stopper for you? It would seem
           | like having lots of E-cores would be advantageous for
           | compiling, and still having some P-cores means you don't lose
           | performance when linking.
        
             | ls612 wrote:
             | Because Windows has a pants on head design choice where
             | processes that aren't the active window get shunted onto
             | the e cores regardless of whether they are doing lots of
             | work or not. I halfway suspect that this is intended as a
             | market segmentation trick by MS
        
         | benreesman wrote:
         | Intel is a great example of the fact that between stupidity and
         | low-integrity behavior as a default, the people in charge fuck
         | up in ways that the man on the street would get right.
         | 
         | Defense is starting to get a blank check with fairly bipartisan
         | support for the first time in at least 30-40 years and it's
         | _centered on semiconductor supply chains_. There has never been
         | a better time to secure the fucking funding, have ASML send
         | twice as many people as they already have, and power through
         | it. The market is whatever you want and the margins are
         | whatever you want: in a functioning system? _You fucking do
         | it_.
         | 
         | And while I will believe that Intel has suffered serious
         | attrition in key posts, there's no way that the meta-knowledge
         | of how to debug "we don't have the fabs running right, who do
         | we hire, what so we need to give them to get it done" has
         | evaporated in 5-10 years from _the singular source of this
         | institutional muscle memory in the history of the world_.
         | 
         | The failing here is more like a failing in courage, or stamina,
         | grit, something. It's a failure of the will to do the right
         | thing for both the shareholders and the country.
        
           | Spivak wrote:
           | tl;dr Intel desperately needs an activist investor.
        
             | benreesman wrote:
             | Only if that activist investor acts with decisiveness,
             | vision, long-term goal orientation, and demonstrates
             | consistently high-integrity behavior.
             | 
             | What has much more commonly produced good outcomes in such
             | situations is robust public-private partnerships like the
             | ones that produced the semiconductor industry in the first
             | place. Run the list of innovations in strategically key
             | technology and what will you find at one remove in every
             | instance? The DoD, NASA, the Labs and ATT more broadly, the
             | university system.
             | 
             | It's always a public/private partnership during periods of
             | explosive value creation when the stakes are high, and it's
             | always a private sector capture orgy during periods of
             | extractive stagnation like the present.
        
               | Spooky23 wrote:
               | Bad news. We're exploding NSF, NASA and many parts of
               | DoD. Universities are uncertain as those acts are
               | digested.
               | 
               | That era of American history has passed. Innovation gives
               | way to consolidation and cronyism. Think Mussolini's
               | Italy.
        
               | avn2109 wrote:
               | If you have any evidence for the claim that "many parts
               | of DoD" are being exploded/defunded, it would be really
               | interesting to see that. As far as I can see, just the
               | opposite is true; the military industrial complex looks
               | like it's increasing in size and scope.
        
               | dreamcompiler wrote:
               | Remember what finally happened to Mussolini?
        
               | benreesman wrote:
               | We've had crime season gilded ages before. We've had
               | trusts and corruption before. I agree that on present
               | course and heading we are not going to make it out of
               | this one in anything like the position we're accustomed
               | to, but it's not impossible and frankly it wouldn't even
               | take that much.
               | 
               | Forums like HN full of senior technologists and future
               | founders are disproportionately high impact. If the tone
               | around here shifted a little to stop excusing what YC has
               | become and start embracing how it all started?
               | 
               | Shit like that adds up. geohotz had that post a few weeks
               | ago about this late capitalism internet shit, he was
               | pretty deep in with the Effective Altruists and he got it
               | together. I said at the time and I'll say again, you get
               | a few more people like that to sober up? pmarca and lex
               | and people? Maybe even pg?
               | 
               | Real change happens that way.
        
             | dv_dt wrote:
             | Imho activist investors are usually about cutting
             | investment in the future, maximizing the current accessible
             | profits, collecting a wad of cash, then letting the company
             | die while moving off to be active on another board.
        
             | rossjudson wrote:
             | Intel needs a full-time board that gives a shit about
             | whether the company succeeds. You could populate that board
             | with nearly any combination of capable founder types and
             | you'd get far better results.
             | 
             | The current board is a pack of cargo-culting epitaph
             | writers.
        
               | benreesman wrote:
               | They're a particularly egregious example of what
               | corporate governance has become, but they're cut from
               | largely the same cloth as the rest of our leadership
               | class. Maybe a little dumber than average, a little more
               | short-sighted, but devoid of any notion of obligation?
               | 
               | I forget the name of the speaker guy who has this turn of
               | phrase, but whatever the merits of his overall platform
               | this hits perfectly: "People doing well today are using
               | every means at their disposal to decrease their
               | accountability while increasing their compensation. If
               | you don't compensate people based on the responsibility
               | they are willing to undertake, you will get a world run
               | by people like this and it will look like the world you
               | live in right now".
        
           | throw0101b wrote:
           | > _Defense is starting to get a blank check with fairly
           | bipartisan support for the first time in at least 30-40 years
           | and it 's_ centered on semiconductor supply chains.
           | 
           | Really? Because:
           | 
           | > _During Donald Trump 's 2025 speech to a joint session of
           | Congress, the president asked House Speaker Mike Johnson to
           | "get rid" of the subject act.[190]_
           | 
           | * https://en.wikipedia.org/wiki/CHIPS_and_Science_Act#Subsequ
           | e...
        
           | CamperBob2 wrote:
           | The climate of uncertainty under Trump inhibits long-term
           | investment, whether in chip fabs, car factories, or anything
           | else. He has reminded us all of something that's really
           | always been a problem: whatever one Congress or one POTUS
           | supports can be undone by the next.
           | 
           | Usually opposing parties have had the common sense not to
           | immediately hit the undo button once they take office. E.g.,
           | Biden leaving most of Trump's previous nutty tariffs in
           | place. But "common sense" isn't on the agenda these days. We
           | are, to all intents and purposes, under attack from within.
        
             | benreesman wrote:
             | The decline in what we expect of our leaders has been going
             | on my entire life and the contrast between 20 years ago and
             | the present is stark.
             | 
             | In 1998 Meriwether and the rest of LTCM nearly crashed the
             | economy, needed the Fed to get involved, and they were
             | _personally ruined_ , guy never opened a ten thousand
             | dollar bottle of wine again and probably never had anything
             | again. Shortly thereafter, Jeff Skilling took out offices
             | in 9 cities and pension plans all over the country with
             | shady accounting. 24 years in prison (reduced later to 14).
             | Ebbers/Worldcom 2002: died in prison.
             | 
             | By 2008? Zero prosecutions. Bonuses the next year.
             | 
             | Around the same time Clinton got caught lying about chasing
             | (consenting and of age) skirt in the Office: nearly ended
             | his presidency, definitely ended his policy agenda, real
             | consequences and he caught a shooting star to avoid far
             | worse. The public was not going to accept it, Congress was
             | not going to let it slide on either side of the aisle.
             | Today? Something like that barely makes the press. You have
             | to be accused of sex trafficking to even get an
             | investigation started and everyone will probably walk.
             | 
             | The idea that this became uniquely bad in January, or even
             | 2016 is demonstrably untrue. At some time in the last 30
             | years we started accepting leadership who are dishonest,
             | nakedly self-interested, lie without consequences, enrich
             | themselves via extraction rather than value creation,
             | collude with no oversight, and sell out the public.
             | 
             | This is a completely bipartisan consensus on these norms.
             | Speaking for myself, I think Trump represents a new low,
             | but not by much, he's just the next increment in what
             | history will probably call the Altman Era if his ascent to
             | arbitrary power on zero substance continues on it's current
             | trajectory.
        
               | daymanstep wrote:
               | The rot has been going on for a lot more than 30 years.
               | Try 70 years more like. LBJ openly cheated on his wife
               | Lady Bird while he was in office and he never suffered
               | any consequences for it. Eisenhower was the last good
               | president.
        
               | Henchman21 wrote:
               | Not Carter?
        
               | ffsm8 wrote:
               | It's not even centered on the US. I personally think the
               | Internet just desensitized us all.
               | 
               | Reasons for that are easy to come up, imo chief among
               | them being web2.0 (social media) and the ever increasing
               | degree with which people exaggerate everything just to
               | get a reaction.
               | 
               | Under that context, what's a little skirt chasing
               | compared to what people usually say about the
               | politicians? And how are you gonna remember he did
               | something a few months ago, when so many more extreme
               | things have happened since?
               | 
               | Really, I feel like social media will be considered the
               | most destructive force to society in 20-50 yrs
        
               | Volker-E wrote:
               | Agreed by all, but one: In 0 years.
        
               | avhception wrote:
               | It's like watching the public discourse devolve into ever
               | more screaming and posturing. The only winning move is
               | not to play.
               | 
               | Sometimes I find myself thinking about that experiment
               | with the perfect rat paradise. The overpopulation got so
               | bad, the normal social functions of the rats started to
               | break down and the rats started acting like sociopaths.
               | Sometimes, I think that's what we're doing to ourselves
               | by exposing the average human to millions of voices
               | through the internet.
               | 
               | Of course, ironically, I'm ignoring my own advice and
               | still engage with the Internet. Though I mostly keep to
               | HN and some IRC.
        
               | heavyset_go wrote:
               | https://old.reddit.com/r/AskScienceDiscussion/comments/q4
               | k07...
        
               | NavinF wrote:
               | The mouse utopia experiment is mostly fake and
               | researchers who reproduced the experiment didn't see any
               | of those behaviors: https://gwern.net/mouse-utopia
               | 
               | It was just as wrong as predictions about human
               | overpopulation like Malthusianism
        
               | Henchman21 wrote:
               | It's almost like the correct action to take would be a
               | Luddite-style wrench-in-the-works. Sabotage in service of
               | humanity. And as an added bonus, think of all the
               | electricity we'd get back!
        
               | johntarter wrote:
               | Bring on the Bureau of Sabotage from Frank Herbert's
               | ConSentiency universe books!
        
               | drdec wrote:
               | > Around the same time Clinton got caught lying about
               | chasing (consenting and of age) skirt in the Office:
               | nearly ended his presidency, definitely ended his policy
               | agenda, real consequences and he caught a shooting star
               | to avoid far worse. The public was not going to accept
               | it, Congress was not going to let it slide on either side
               | of the aisle. Today? Something like that barely makes the
               | press. You have to be accused of sex trafficking to even
               | get an investigation started and everyone will probably
               | walk.
               | 
               | I don't think Al Franken would agree with this
        
               | rossjudson wrote:
               | We populate our corporate leadership with non-founders so
               | highly compensated that actually succeeding does not
               | matter to them. They've already "won" at the game, and
               | they spend a lot of time posturing with respect to each
               | other. They set the membership criteria for the "club",
               | reinforce each others' positions, and use the ability to
               | bestow membership to manipulate the political system away
               | from regulating or taxing them.
               | 
               | In other words, I completely agree.
        
               | wat10000 wrote:
               | I blame Rush Limbaugh and Newt Gingrich.
               | 
               | They heavily pushed the idea that the opposition could
               | not have legitimacy. Gingrich did it through the exercise
               | of power and Limbaugh did it on the airwaves. It wasn't
               | just that the opposition was wrong or bad for the
               | country, standard democracy stuff, but that the
               | opposition had no right to hold power at all. Once you
               | start thinking that legitimacy is based on which side
               | you're on rather than who you are or what you do, you
               | won't care about bad leadership as long as it's yours.
        
             | tucnak wrote:
             | I'm sorry, but to blame Intel's inadequacies on political
             | climate is comedic.
        
               | avn2109 wrote:
               | Intel's C-suite is gonna pick up this line of reasoning
               | soon! "It's not our fault the stock crashed and the fabs
               | don't run and TSMC is eating our lunch, blame Trump
               | instead!"
        
               | CamperBob2 wrote:
               | It has nothing to do with Intel. Would you commit
               | billions of dollars to a policy that Cheeto Benito might
               | repudiate tomorrow?
        
           | lenerdenator wrote:
           | > It's a failure of the will to do the right thing for both
           | the shareholders and the country.
           | 
           | They've been doing the exact right thing for the
           | shareholders: squeezing the living shit out of an asset
           | (x86/64) for decades while cutting anything interesting or
           | competitive to the bone to give shareholders more money.
           | Money spent on something that could really have been
           | competitive is money not sent to the retirement fund that
           | keeps John and Jane Q. Public swinging in more ways than one
           | at their golf course retirement community in Florida.
           | 
           | The problem is, you can only do that for so long. There is a
           | minimum spend to remain a competitive company with regard to
           | being able to market products to consumers. Executives don't
           | have a fiduciary duty to create the best possible product for
           | consumers to look at and potentially buy in the marketplace,
           | but they _do_ have a fiduciary duty to shareholders to meet
           | an earnings projection. If these two activities can coexist
           | peacefully, great. If not, the first activity stops while the
           | company gets gutted.
        
             | benreesman wrote:
             | It's not actually good for the shareholders unless you have
             | a divisor which is effort. Intel is a semiconductor
             | company, investors that want to invest in treasuries or
             | Exxon or whatever is considered extreme low-beta (ha, maybe
             | not Exxon anymore, maybe Visa) have every opportunity to do
             | so.
             | 
             | The most expensive, highest-margin, technically advanced
             | and risky business in the world is for investors who want
             | that in their portfolio. If they wanted to milk a dying
             | industry on the way down they would go buy Disney stock.
             | 
             | It is very clearly in the interests of long-term investors
             | in Intel to maintain a commanding position in fabrication:
             | it's been the secret sauce of the company since the very
             | beginning, it's never been more in demand.
             | 
             | This idea that companies are obligated to do what will
             | deliver some little bump in the stock price in 90-180 days
             | is everything from not how the rules work to just a lazy
             | meme for people who don't want to earn their princely
             | salaries.
             | 
             | Don't make excuses for weakness at the top.
        
             | kortilla wrote:
             | That's a bullshit meme. One glance at the stock history
             | shows that they haven't been doing anything for
             | shareholders for over a decade.
        
         | DiabloD3 wrote:
         | Yes. I can give you a non-technical answer, since HN is
         | ostensibly business as well.
         | 
         | Intel fired the one CEO that spoke both engineer and business,
         | and Gelsinger could have been their Lisa Su. They fired the
         | only talented CEO they've had for years.
         | 
         | This will be fatal.
         | 
         | Gelsinger was the scapegoat for 20+ years of inability to
         | compete with foreign companies, no matter how much money was
         | poured into them. They used American exceptionalism as a cover
         | to defraud shareholders and any government that invested in
         | them. They used the relationship of AIPAC and Congress to build
         | a fab and R&D lab in Israel (inserting yourself into global
         | politics to make a buck is _always_ spicy) at low cost to them.
         | 
         | Taiwan became the capitol of electrical engineering in the
         | world, and is a shining example of how to survive and thrive in
         | a post-war era, and it absolutely shows. They caught up to
         | Intel and zoomed right past.
         | 
         | Gelsinger's crime was try to do what AMD did: they didn't have
         | a fab that could make their chip BUT they had a fab that made
         | chips that people wanted AND the foundry could take that work
         | and survive if they legally split. GloFo is now the third
         | largest semi foundry in the world today, and when it was part
         | of AMD, it very much wasn't; I can't quite remember, but 5th or
         | 6th? Something like that. GloFo is #3, TSMC is #1, Samsung is
         | #2, and Intel could very well be that #4, and push out UMC (#4)
         | and SMIC (#5) in the secondary chip foundry market.
         | 
         | Gelsinger could have split Intel into Intel and IFoundry or
         | something, and Intel could have profited on IFoundry taking off
         | and taking external work. Right now, IFoundry can't compete on
         | top nodes, but _could_ steal work from all other fabs for
         | secondary larger nodes. Having a working 12 nm competitor as
         | well as a working 7nm competitor is big business, which Intel
         | currently has _ZERO_ of (since they don't take external
         | contracts). Gelsinger was big on this potential revenue stream.
         | 
         | Gelsinger's other crime was being part of the negotiation
         | between TSMC and the Biden administration for the CHIPs act
         | money: part of what built the TSMC fab right next door to
         | Intel's in Arizona was Biden and Intel money. Intel was
         | investing in it's future by playing the American exceptionalism
         | card again, but now in _everybody 's_ favor. We _all_ benefit
         | from this. Gelsinger wanted to have _somebody_ fab the chips,
         | and if its good enough for AMD, Apple, and Nvidia, its good
         | enough for Intel.
         | 
         | There is zero indication that GAA 20A is ready, and Intel has a
         | history of having leadership that says such-and-such is ready
         | for it to either come out several gens later, or just vanish
         | off the roadmap. Gelsinger's other OTHER crime is admitting to
         | this and changing the direction of the Titanic before it hits
         | the iceberg, for the CEO that replaced him just to steer right
         | back into the iceberg.
         | 
         | I have _zero_ faith in Intel's leadership if they can't bring
         | Gelsinger back. Tan, Gelsinger's replacement, is a former board
         | member. I have no reason to think he is not just going to
         | further poison the company. Tan has not spoken about any plan
         | that indicates he understands Intel is not competitive, Intel
         | cannot competitively make 100% of the tiles, that Intel's
         | Foveros tech stack is extremely valuable because the only truly
         | comparative alternative is TSMC's CoWoS tech family _and_
         | superior to it _and_ people are willing to throw money at that
         | problem but they can 't license it as long as IFoundry is part
         | of Intel.
         | 
         | Intel is cooked imnsho.
        
           | FuriouslyAdrift wrote:
           | Intel has been in Israel since 1974. Intel Fab 8 was built in
           | 1980 in Jerusalem... There's over 30,000 chip engineers and
           | nearly 200 semiconductor companies there, now.
        
             | DiabloD3 wrote:
             | AIPAC was founded in 1954.
        
               | FuriouslyAdrift wrote:
               | Intel came to Israel mostly because Dov Frohman (one of
               | Intels first employees who had worked with all the
               | founders at Fairchild and also the inventor of EPROMs)
               | pushed to establish an Intel dev center there when he
               | moved back home.
               | 
               | At the time, EPROM tech was Intels most profitble product
               | until the 8088 and 8087, which were designed in Israel at
               | the dev center (along with many of their chip designs).
        
               | DiabloD3 wrote:
               | Yep, Dov Frohman's contribution to tech is well known and
               | very appreciated.
        
           | isthatafact wrote:
           | I am no expert in Intel, but in my view, Gelsinger lost the
           | faith of many by being unrealistically optimistic. Of course
           | a CEO needs to be optimistic, but he promised (in 2021)
           | zettaflop systems by 2027 (the worst example I remember). Did
           | anyone believe that could happen?
           | 
           | His over-optimism gave the whole "5 nodes in 4 years"
           | supposed path to leadership a weird flavor, like it must be
           | somehow a bit of a con even if it gets technically achieved.
        
         | hawflakes wrote:
         | I find it somewhat ironic that many years ago HP's PA-RISC
         | chips were fabbed at Intel because contractually they had to
         | supply chips due Itanium not yet taping out.
         | 
         | But maybe it was more of an early foreshadowing. I had a
         | housemate that worked on their internal CAD tools and it also
         | sounded like a bit of a mess with NIH syndrome. (20+ years ago)
        
         | IncreasePosts wrote:
         | Their market cap is $100B. A bunch of smart people who study
         | this don't think it is fully cooked
        
           | phkahler wrote:
           | >> Their market cap is $100B. A bunch of smart people who
           | study this don't think it is fully cooked
           | 
           | nVidia market cap is 4T or about 40x Intels. Im not sure who
           | those smart people are.
        
         | giantg2 wrote:
         | I see them the same as GE, Boeing, etc. They culture from the
         | top down is screwed. It will take years to undo what has been
         | ingrained in the corporate machine. They will likely survive
         | but as a shell of their former self. They'll probably spin off
         | some promising business related to AI or embedded.
         | 
         | I was disappointed with their offerings and went with AMD for
         | my latested build. I don't know too many people who have built
         | PCs recently, but the few I do know who have or are planning
         | to, everyone is planning to use AMD. Similar to the GE example,
         | it seems many people would recommend LG or Samsung appliances
         | over GE.
        
         | OrvalWintermute wrote:
         | Intel Financial Engineering & Operational Missteps is what led
         | to this.
         | 
         | "Over the past 10 years, Intel engaged in financial
         | engineering, primarily through significant stock buybacks ($53
         | billion in 2011-2015) and stock-based executive compensation,
         | which diverted resources from innovation and contributed to its
         | lag in semiconductor fabrication. This financialization, as
         | critiqued in the 2021 report, is a long-term factor in Intel's
         | weakened competitive position"
         | 
         | https://semianalysis.com/2024/12/09/intel-on-the-brink-of-de...
         | 
         | https://www.ineteconomics.org/perspectives/blog/how-intel-fi...
         | 
         | https://www.intc.com/news-events/press-releases/detail/1726/...
        
         | bgnn wrote:
         | Yes, Intel is cooked. I think they won't recover anymore. Their
         | fab business' fate will be similar to Global Foundaries: a
         | second tier supplier of old tech nodes.
        
         | johngalt wrote:
         | Intel has been cooked for years. Observable back in 2017, but
         | more visible today.
         | 
         | https://news.ycombinator.com/item?id=14588429
         | 
         |  _The top of the market will go GPU and the bottom will go ARM,
         | and the middle will be an ever shrinking x86 market share. The
         | few places that will need heavy CPU resources will be the same
         | people who can apply pressure to Intel 's margins._
         | 
         |  _The process of chip making will look very similar in the
         | future, but the brand of the CPU will matter less every year.
         | Intel 's not "dead in five years", but Intel will definitely
         | cross the point of no return in that timeframe. Shifting a big
         | company's focus is more difficult than growing another company
         | who already has the right focus._
        
         | jbm wrote:
         | Apparently this happening was well telegraphed by people in the
         | industry.
         | 
         | A friend used to send me articles regularly from Semiaccurate
         | in the mid 2010s. I thought it was "alternative truth" but it
         | turns out to have been more, uh, accurate than I thought.
        
         | elorant wrote:
         | Intel announced new GPUs back in December and seven months
         | later they're nowhere to be found. I'm pretty convinced at this
         | point that the company has some systemic issues that prevent
         | them from being competitive at any level.
        
         | brianzelip wrote:
         | Here's (one of) a recent Oxide & Friends podcast episode on
         | Intel, https://oxide-and-friends.transistor.fm/episodes/lip-bu-
         | tans....
        
       | linuxftw wrote:
       | This is why tariffs matter. Despite the US having much higher
       | wages, and likely property and infrastructure costs,
       | manufacturing is only 5-20% more for these high tech products.
       | 
       | Corporations outsourced not because they couldn't compete, but
       | because why leave 10% on the table when we can reward the
       | executives with that cash instead of the labor?
        
         | impossiblefork wrote:
         | Same thing with Nokia. They still had factories in Finland in
         | the 2010s. They were profitable, but margins were better on the
         | factories in Asia.
        
         | dagmx wrote:
         | These plants have nothing to do with tariffs though? They were
         | in development prior to any tariffs and were partially funded
         | by the CHIPS act. If anything, that's the opposite of
         | tariffs...
        
           | linuxftw wrote:
           | My point is, the cost of goods being produced in the US is
           | not dramatically higher, as outlined in the article. Even
           | very basic tariffs would level the playing field and bring
           | economic benefits domestically, without a major impact to the
           | consumer.
        
             | dagmx wrote:
             | That assumes you have the means to bring the production
             | domestically first.
             | 
             | This is a confluence of the previous administration having
             | the forethought to do this, before the current
             | administration tried to kill the CHIPS act.
             | 
             | If they hadn't done that, you likely wouldn't have seen
             | domestic production able to satisfy the needs.
             | 
             | Tariffs alone are a misguided cudgel.
             | 
             | Also your comment about a "major impact to the consumer"
             | ignores that this is an increase in cost just for the
             | silicon. There's a lot of tariffs on different parts of the
             | actual product.
        
             | runako wrote:
             | Context is important here: a 20% increase in price to
             | consumer is not going to be perceived as "not dramatically
             | higher". Focusing on tech for a moment, we are discussing
             | this in the context of a good that normally decreases in
             | price annually suddenly getting more expensive.
             | 
             | For the sake of argument, if all goods increase in price by
             | 20%, Americans are going to have the experience of being
             | worse off than they were before.
             | 
             | This is the largest tax hike on Americans in modern times
             | (possibly ever?). While it may take a while for people to
             | understand the impact of policy, people generally do not
             | like large tax hikes. I don't think it's a stretch to think
             | people will not like this tax increase, either.
        
         | xyst wrote:
         | Blaming tariffs when it was the greed of Wall Street, private
         | equity, hedge funds, "corporate raiders" that ultimately
         | shipped manufacturing overseas. All of this under decades of
         | psuedo-economic theory called neoclassical economics. Then this
         | is taken further under neoliberal economic policy --
         | "reagonomics" and "trickle down economics".
         | 
         | These greedy fucks in the 1970s sold out current generations so
         | they could min/max profit for themselves and billionaire
         | buddies. All of this at the expense of decimating: local
         | manufacturing industries, environment, public safety nets, and
         | sustainable living.
        
           | linuxftw wrote:
           | I'm assigning blame to the greedy corporations. If consumers
           | have $100 to spend on an item, corporations can either make
           | it domestically for $90, or move production overseas and make
           | it for $80. The consumer is going to pay $100 in either
           | scenario. Lowering the tariffs ensured that the products
           | would be made overseas so the executives can profit on the
           | slave labor.
           | 
           | I'm not attempting to assign blame to one political party or
           | another. Reasonable tariffs to protect domestic labor should
           | be a bi-partisan issue.
        
         | sebstefan wrote:
         | Tariffs don't work to bring manufacturing back home if they
         | change every 2 weeks and are sure to disappear in 4 years
         | 
         | You need to have reasonable certainty that your factory is
         | going to be profitable on a 20+ year horizon to commit into
         | building a production line.
         | 
         | I don't understand how MAGAs don't get that.
        
           | DSingularity wrote:
           | You think a CPU factory won't be profitable for 20 years?
           | MAGA movement won't listen to you here if we can't even agree
           | on basic facts.
        
             | sebstefan wrote:
             | The thought took a shortcut. Profitable wasn't the right
             | word
             | 
             | When you offshore a production facility, it's not about
             | being profitable, it's that it can be more profitable
             | elsewhere.
             | 
             | If you have no guarantee that the tariffs will still be
             | there to artificially maintain your profitability so high,
             | then you don't build.
             | 
             | I think we can agree on the facts there
        
             | tensor wrote:
             | A CPU factory may (because of high margins), but, for
             | example, a car factory may not. A factory isn't just the
             | labour, it also requires inputs, and tariffs that change
             | weekly means that you can't rely on being able to source
             | the inputs reliably. When your margins are smaller, random
             | input costs can easily sink you.
             | 
             | If you want to bring back manufacturing you need to
             | consider the entire supply chain, and make sure that inputs
             | for whatever factory you are bringing in are secure and
             | will be equal or cheaper in 20 years. These things need to
             | be predictable.
             | 
             | Also, let's not pretend the MAGA movement listens to
             | anything other than the propaganda.
        
               | AnimalMuppet wrote:
               | My son-in-law works for a domestic truck manufacturer
               | (semis, not pickups). Orders are down because nobody
               | knows how much the order will cost, because of tariff
               | uncertainty.
        
               | bcrosby95 wrote:
               | Yes, nothing kills business activity more than
               | uncertainty. High prices can be planned for and dealt
               | with. Constantly fluctuating ones with no upper bound
               | cannot.
        
               | whatevertrevor wrote:
               | And lower activity creates more uncertainty, as people
               | get laid off, banks start adjusting mortgage rates
               | upwards and borrowing becomes more expensive. Leading to
               | even less activity and more uncertainty. It's a scary
               | road to go down toying with this house of cards at the
               | level Trump has been doing.
        
           | hajile wrote:
           | When Biden came into office, he kept MOST of Trump's tariffs
           | on China and even added a bunch of his own.
           | 
           | Despite the marketing, the tariffs are fairly bi-partisan
           | among the congress.
        
             | sebstefan wrote:
             | The ones on Chinese EVs to protect the local car industry
             | maybe, the blanket 10% he puts on your allies and the 25%
             | if the allies are too woke maybe not.
        
               | Alupis wrote:
               | Reciprocal tariffs have been something many people (on
               | both sides of the isle) have been wishing for forever...
               | It's not normally a D vs. R thing, except right now where
               | the D's feel a need to play the opposition role.
               | 
               | On the other hand... most of the tariffs you hear about
               | aren't real and never had/will-have an impact, and are
               | clearly being weaponized as a way to get trading partners
               | in-line. Few actual tariffs have been realized as-of
               | yet... but if you read the news you'd be led to believe
               | everything you buy is tariffed all to hell.
        
           | linuxftw wrote:
           | "Tariffs won't work because we won't actually use them" is
           | not an argument against tariffs, that's an argument against
           | corporate control of the economic levers.
        
           | Alupis wrote:
           | > and are sure to disappear in 4 years
           | 
           | I wouldn't be so sure about that. The Biden Admin left in-
           | place a lot of Trump foreign policy, and Democrats (the
           | likely next admin-party) have been wishing for tariffs for
           | years. Currently they're playing their part as the
           | "opposition" but I'd bet money most of the tariffs stay
           | during the next admin.
           | 
           | Your point about changing every 2 weeks is sound, however.
        
       | nottorp wrote:
       | So are they going to try and spread this extra cost to customers
       | worldwide?
       | 
       | I'm fine with chips made in Taiwan.
        
         | jajuuka wrote:
         | Yeah this reads like an attempt to push the "made in America"
         | narrative the admin wants. "Things will cost more but it's made
         | in the US" And this is good because...why? It's not about
         | broadening the supply chain to the consumers benefit. It's
         | about avoiding the disaserous tariff strategy which the company
         | isn't even paying in the first place.
        
           | tensor wrote:
           | What would be good for the rest of the world is if there were
           | SOTA chips that were not produced by the US nor Taiwan.
           | Frankly, even the ones produced in Taiwan are under US
           | control.
           | 
           | The world needs a healthy diversified CPU/GPU chip market. At
           | least there is ARM on the CPU side, but it's not nearly
           | enough.
        
             | renewiltord wrote:
             | Where could it be? The places with abundant energy are
             | where these things establish. US is about at the lower
             | limit. Korea, Taiwan, Japan. China has SMIC and Huawei. But
             | Europe doesn't have enough energy to run air conditioning.
             | They'd struggle to add more industry. India has power
             | shortages. Africa isn't reliable. Australia? South America
             | too unstable.
        
               | jajuuka wrote:
               | That's a good point. I don't think it's a good idea for
               | corporations to come in and set up stable energy sources
               | to then hoard it themselves. Would be similar to Amazon
               | setting up shop in Cartolandia. And long time investment
               | plans like China's Belt and Road Initiative don't
               | necessarily benefit the host country as much as it
               | benefits the builder.
               | 
               | Branching out supply chains and industry is a big problem
               | to solve effectively because it touches so many different
               | pieces.
        
               | ginko wrote:
               | >But Europe doesn't have enough energy to run air
               | conditioning.
               | 
               | That's just silly.
        
               | ggreer wrote:
               | It's not that dire, but energy costs in the EU are quite
               | high compared to the US. US retail prices for electricity
               | average 13 cents per kWh.[1] The EU's average is around
               | 28 cents per kWh.[2] The only EU countries with advanced
               | fabs are Germany and Ireland. In Germany, retail
               | electricity is 35 cents per kWh. Ireland is almost as bad
               | at 31 cents per kWh. Industrial plants tend to pay lower
               | rates and can supplement their grid consumption with
               | things like on site solar, but that's also true in the
               | US.
               | 
               | 1. https://www.eia.gov/electricity/monthly/epm_table_grap
               | her.ph...
               | 
               | 2. https://ec.europa.eu/eurostat/web/products-eurostat-
               | news/w/d...
        
             | jajuuka wrote:
             | To a degree sure. I think a common architecture should be
             | prioritized to ensure software portability. Similar to
             | x86/x64. Where anyone can make hardware for the platform
             | and porting software is much easier. Returning to the old
             | days of every computer have their own unique architechture
             | is not a good idea. Just caused insane fragmentation and
             | nobody could truely invest in a computer without being
             | worried about not getting certain products or software.
             | 
             | CPU space is definitely easier to disrupt but the GPU space
             | requires a HUGE investment and you're fighting uphill
             | against proprietary technology like CUDA that has become
             | industry standards. Intel, Qualcomm, Samsung and Google
             | have made inroads with budget to mid range which is the
             | highest selling segment. But to compete with Nvidia or AMD
             | on the high end you either need a whole datacenter or many
             | years of R&D with very little return for a long time. Apple
             | would be on this list but they have siloed off themselves
             | entirely.
        
       | calvinmorrison wrote:
       | The US cost of stationing forces, patrols, and readiness in the
       | pacific is probably 20-40 billion USD per year. cut that huge
       | subsidy and Taiwan ceases to exist within several years. 5%? we
       | should really evaluate if we need a long term dependency on
       | taiwan. It would probably be better to evacuate them all.
        
         | lenerdenator wrote:
         | There's a lot more to the American defensive posture in the
         | Pacific than threatening PRC with MAD if they invade Taiwan.
        
           | DSingularity wrote:
           | American defensive posture can center around Hawaii and
           | mainland USA will be just fine.
        
             | FuriouslyAdrift wrote:
             | Sure if we just compelety ignore our treaty partners in
             | Japan, Philipines, India, Korea and US territories in Guam,
             | Samoa, Marianas... or bases like Diego Garcia.
        
               | criddell wrote:
               | That certainly doesn't sound as unlikely as it once
               | did...
        
               | tencentshill wrote:
               | But what have they done for Trump lately?
        
       | latchkey wrote:
       | I run an AMD NeoCloud. People are extremely price sensitive and
       | due to the competitive nature of the industry, I'll likely be the
       | one absorbing this increased cost.
        
       | okasaki wrote:
       | Your rent is now 20% higher but it's worth it because the
       | landlord is an American.
        
         | jabjq wrote:
         | This comparison is quite absurd.
        
         | msgodel wrote:
         | You don't import apartments or even the materials used to
         | manufacture them. Arguing tariffs drive rent prices rather than
         | the cost of luxury consumption and corporate capex any more
         | than the progressive income tax does is absurd.
        
         | rozap wrote:
         | I feel like covid was only yesterday, yet it seems people have
         | already forgotten the lessons we learned about lack of supply
         | chain resilience. Resilience comes at a cost, and that cost is
         | efficiency. That is the tradeoff being made here. It's not just
         | that people want to light money on fire, or some misguided maga
         | "buy american" nonsense.
         | 
         | Especially silly when the chance of China invading Taiwan is
         | very nonzero.
        
       | reverendsteveii wrote:
       | If they were worth it you'd already have been buying them. With
       | that being said, glad to hear a CEO say "we have to consider the
       | resiliency of the supply chain" because JIT as a manufacturing
       | philosophy is revealing itself to be what it always was:
       | exceedingly fragile, barely adequate when everything is working
       | perfectly and subject to massive, multiplicative disruptions when
       | everything is not working perfectly.
        
         | elcritch wrote:
         | Funny, it's not that different to programming in Node or
         | browsers. The JIT is awesome, but theres so many stories of
         | fragile performance pits.
        
           | reverendsteveii wrote:
           | the concept is the same: do you do work in advance and bear
           | the cost of storing it and maybe not using it, or do you do
           | work as-needed and hope that the additional cost of trying to
           | deliver immediately is less than the cost of storage and
           | overrun? the answer seems to be the same, too, "depends on
           | whether you have resources to spare and whether the
           | environment is stable enough to count on immediate delivery"
        
       | yapyap wrote:
       | Of course the AMD CEO would say that, they need to remain in a
       | positive light of the mob boss President otherwise they will be
       | taxed and or sued.
       | 
       | You see it with Columbia university and that network television
       | network that got sued
        
       | knorker wrote:
       | 5%-20% sounds like a MUCH lower premium than I expected.
       | 
       | And yes, no matter what you think of America First (I'm not even
       | American), that sounds very much worth it.
        
       | dathinab wrote:
       | You can get much more then a 5%-20% higher price from the kind of
       | customers which really care about US production (I mean like
       | government, CIA, NSA, which also get stuff like AMD systems with
       | hyper threading disabled or special treatment wrt. management
       | units in a CPU etc. I don't mean people caring for the US, for
       | that target group, from what I have seen over the years, I guess,
       | 5% can work 20% is tricky).
        
       | aylmao wrote:
       | I see the point being made here, and yeah 5%-20% extra for what
       | amounts to insurance against geopolitics isn't too bad, but
       | doesn't this all fall apart when China catches up?
       | 
       | That 5%-20% is worth it now because no one else can fabricate
       | competing chips. In a competitive market, 5%-20% can be the
       | difference between having the price edge or not. I understand why
       | the USA wants TSMC to manufacture outside of Taiwan, but perhaps
       | it makes sense to move it not the USA but, say, Mexico?
       | 
       | Chinese car companies seem to be slowly but surely rolling
       | American car companies in international markets with great value
       | at low prices. The move in this market evidently isn't to move
       | manufacturing away from Mexico at a 5%-20% increase in price.
       | 
       | In the chip market there's less immediate competition, but I can
       | only imagine it'll come. Hopefully economies of scale would have
       | removed this extra 5%-20% by the time China catches up?
        
         | ergocoder wrote:
         | With China, the issue isn't really the quality of the product.
         | It's the geopolitical issues.
         | 
         | Japan, Korea, Taiwan, and other countries even Philippines and
         | Vietnam don't want to depend too much on China. A lot of island
         | disputes and so on and so forth.
         | 
         | My guess right now is that China will never catch up because
         | Europe, US, Australia, and many other developing countries will
         | avoid depending on China critically. This doesn't mean 0% would
         | buy from China but it'll never become a critical dependency.
        
           | zeroCalories wrote:
           | It's a real shame that the U.S is alienating it's allies
           | through aggressive economic policy. Maybe we'll find
           | ourselves on the wrong side of that economically resilient
           | policy.
        
           | dathinab wrote:
           | > My guess right now is that China will never catch up
           | because [..]
           | 
           | The problem China is big enough to catch up just by it
           | depending on itself + some cheap mass consumer market outlets
           | to even further scale production.
           | 
           | Like they have 1408 Million people ~3times the US and their
           | education system tries (at least of paper) to give everyone a
           | chance to reach silence excellence iff (and only iff) they
           | are noticeable above average (but also due to the form of
           | their education system for people which certain kinds of
           | approaches to thinking which is a major handicap they gave
           | themself accidentally). Like either way with that population
           | size, priority on catching up on chip production, willingness
           | to steal science (through it's not like the US doesn't have a
           | habit for that, too) it's just a matter of time until they
           | have some truly genius people put into the right kind of
           | position with the right kind of resources which will close
           | the gap step by step.
        
           | bgnn wrote:
           | Oh they will catch up as TSMC amd Samsung are running out of
           | steam and Intel is imploding. There's nothing better than
           | motivating China to take on this monumental effort than thd
           | tariffs and export controls.
        
         | righthand wrote:
         | Where will they get the water in Mexico?
        
       | proee wrote:
       | Capital expenditures are the dominant cost for semi fabs. Labor
       | is actually relatively small. For example, "just" a tester
       | machine, which tests parts before final, cost $5-10M each, and
       | there are usually rows of these machines as far as the eye can
       | see.
        
       | viktorcode wrote:
       | I see what she did here. That's just for silicone, not for the
       | ready to use product. I expect the final US-made CPU available
       | for sale cost to jump significantly higher than 20%
        
       | jt2190 wrote:
       | > "I think the economics of it are we have to consider the
       | resiliency of the supply chain, I think we learned that during
       | the pandemic -- the idea that you think about your supply chains
       | not just by the lowest cost, but also about reliability, about
       | resiliency, and all those things. I think that's how we're
       | thinking about U.S. manufacturing," [AMD CEO Lia Su] said to
       | Bloomberg's Ed Ludlow.
       | 
       | This almost sounds verbatim what U.S. Secretary of the Treasury
       | Scott Bessent told Bloomberg yesterday, so take the headline
       | phrase "worth it" in that context.
        
       | tehjoker wrote:
       | Worth remembering that in the medium term, chip manufacturing
       | will become so expensive only one leading edge provider will
       | remain and they will require the entire world market to remain
       | profitable.
        
       | mmmBacon wrote:
       | The article doesn't say why the chips have a cost difference. The
       | wafer cost of advanced nodes is ~$30k per wafer. Is the wafer
       | cost different or is the yield different and hence the reason for
       | the variance of 5-20%? All else being equal (same die size/design
       | on same process) I suspect that a large part of the cost
       | difference is yielded cost due to maturity of operations at the
       | Arizona fab. Taiwan has had many years to optimize operations.
       | You see this for any product initially when it moves to a new
       | production site.
        
         | zhobbs wrote:
         | The article quotes the CEO saying yield is comparable:
         | 
         | >TSMC's new Arizona plant is already comparable with those in
         | Taiwan when it comes to the measure of yield -- the amount of
         | good chips a production run produces per batch -- Su told the
         | audience at the forum.
        
           | mmmBacon wrote:
           | The overhead cost of a fab is fixed. So hard to understand
           | why that would have such a wide variance. It may be true that
           | the facility hasn't been fully amortized so in principle it's
           | more expensive to make chips there. I can understand it being
           | more expensive for many reasons. However I wouldn't expect
           | the cost difference to have a large variance. 5-20% is a very
           | large range if the yields are comparable.
        
         | dclowd9901 wrote:
         | I would have to think personnel cost, no? I'm assuming American
         | pay rates are higher than Taiwan's.
         | 
         | More cynically, perhaps the DoD is getting a sweetheart deal
         | and TSMC is passing the cost onto customers.
        
         | ethan_smith wrote:
         | The 5-20% range likely reflects TSMC's yield learning curve in
         | Arizona, with costs trending toward the lower end as the fab
         | matures and defect densities approach those of Taiwan's
         | established facilities.
        
         | bgnn wrote:
         | They brought in a bunch of process engineers from Taiwan to set
         | up thr same processes.
         | 
         | It's the limited and expensive talent pool, construction costs
         | etc. resulting in a difference. Americans do earn at least 2-3x
         | more than someone in Taiwan for a given role.
        
       | alexnewman wrote:
       | This is a crazy article. Its title is gonzo . She was clearly
       | spitballing. All of Bloomberg is dumber by reading this title
        
       | ranger_danger wrote:
       | And the machines that makes these "US" chips... where do they
       | come from?
        
         | trynumber9 wrote:
         | It's international but I wonder how many people know that about
         | third of ASML scanners and steppers are made in Connecticut.
         | And all their light sources are made by ex-Cymer in San Diego.
        
       | dclowd9901 wrote:
       | > "What I really like about the AI action plan is that it's quite
       | actionable," [AMD's CEO] said.
       | 
       | I couldn't help but laugh. And they say software engineers are
       | replaceable by AI.
        
       | aiauthoritydev wrote:
       | Hard to tell. In this hardware space, there is a lag of few
       | years. We would know for certain in 5 years.
        
       | asdfman123 wrote:
       | It's funny that this is why "we can't build things here" and also
       | why the world's two biggest powers are at a standoff:
       | 
       | 5-20% more expensive prices for just one type of thing
        
       | Seanambers wrote:
       | This is from the All in session? ;
       | 
       | https://youtu.be/9WkGNe27r_Q?si=w5BE2tZKdFcI6aC1&t=812
        
       | avhception wrote:
       | If that is the cost of keeping the value within the western
       | economies, we should pay. Plain and simple. I'd even argue it's
       | cheap.
        
         | fishsticks89 wrote:
         | If something happens to Taiwan, we won't regret being able to
         | produce these chips domestically. If AI keeps growing like it
         | does, it might even trigger a conflict.
        
           | kulahan wrote:
           | Ah yes, Taiwan - that famously stable nation with no
           | existential threats to its very existence.
           | 
           | I don't think this is an "if" situation, but rather a "when".
           | There is no question in my mind - it's simply too attractive
           | to China. It may not come through all out war, but they will
           | eventually claim what they feel is theirs. They operate on
           | much more manageable time scales.
        
             | Gee101 wrote:
             | What is interesting is if the world is not that reliant on
             | Taiwan chips anymore would China really care that much
             | about Taiwan?
        
               | Zaiberia wrote:
               | Yes, they would. However, if Taiwan wasn't as important
               | to the world because of their chips then the world would
               | probably not care as much about what communist China
               | wants to do to them.
        
               | kortilla wrote:
               | Probably, my understanding is that the primary reason
               | China cares about Taiwan is internal pressure about the
               | separatism. The power Taiwan has is the only reason they
               | haven't acted.
        
               | 2muchcoffeeman wrote:
               | China is not interested in Taiwan for the chips. They
               | want it back since they believe Taiwan is part of China.
        
               | usefulcat wrote:
               | Wasn't China already pissed about Taiwan long before
               | Taiwan was doing a lot of semiconductor manufacturing?
        
         | internet2000 wrote:
         | No, I am absolutely not going to pay a 20% premium on the
         | market. I'm sorry but I won't. If this is really crucial to
         | national security then the government can subsidize the
         | premium. And I know I'm not alone, price speaks louder.
        
           | EA-3167 wrote:
           | The government doesn't pay for things, we do through our
           | taxes that they spend. So... instead of paying a markup on
           | just your own consumption, you want to be taxed to pay for
           | the subsidy on EVERYONE'S consumption?
        
             | kulahan wrote:
             | Surely we could just move a subsidy around. Do we really
             | need ALL of those corn fields? It's not even a particularly
             | nutritious crop.
        
             | paulryanrogers wrote:
             | We are the government. It's us doing the spending. You can
             | vote to change it. And if we ever outlaw paid lobbying then
             | voting will be even more effective.
        
           | bongodongobob wrote:
           | Wait until you learn who the government gets its money from.
        
             | XorNot wrote:
             | I love all the people showing up to tell other people
             | they'll be sorry if they don't pay more for the same
             | product now, but are absolutely opposed to subsidies by the
             | government.
             | 
             | I already own a perfectly adequate computer for my needs.
             | In every possible way this won't affect me, and infact so
             | long as the cheaper product is available for purchase it
             | still won't affect me. If I'm a business I'll be 20% better
             | off then other local businesses by continuing to not buy
             | local anyway. If I'm consumer...well I'll just have more
             | stuff I want.
             | 
             | And so on in this way you might want to go read up on The
             | Tragedy of the Commons in economic theory and then reflect
             | on what one of the primary roles of government actually is.
        
           | avhception wrote:
           | This is not about national security. This is about being more
           | than a simple consumer. If all your society does is consume,
           | eventually, the money runs out.
           | 
           | We need to have know-how, talent and all that stuff to create
           | some value. We're bleeding all these things by the minute,
           | and I don't want to be around when the critical point is
           | reached.
        
           | idiotsecant wrote:
           | Enjoy not buying _any_ chips next time there is a supply
           | chain hiccup. If COVID didn 't teach you this lesson, I don't
           | think you're teachable.
           | 
           | If you're making a product one of the considerations you make
           | is how robust your supply chain is. If you fail to make that
           | consideration you will get eaten by the organizations that
           | do, on a long enough timescale.
        
         | jongjong wrote:
         | Yes and surely it's a cost which can be reduced over time by
         | improving automation and/or by cutting back on regulations.
        
           | brikym wrote:
           | The US also needs to build up more talent which will come
           | over the years.
        
           | jychang wrote:
           | I doubt that, unless you're willing to pay USA workers Taiwan
           | salaries.
        
             | jay_kyburz wrote:
             | err.. its not crazy after a few years of recession, or even
             | pressure on the workforce from AI.
        
             | acchow wrote:
             | USA workers will not accept Taiwan salaries.
             | 
             | Numbeo shows the cost of living (including rent) is 45%
             | higher in Phoenix than in Hsinchu (where TSMC's 2N is)
             | 
             | Rent is 176% higher.
        
         | wg0 wrote:
         | American. Not Western. West and America are drifting apart.
        
           | Icathian wrote:
           | I think you're mistaking the name of a cardinal direction for
           | a cohesive set of political ideologies.
        
       | esaym wrote:
       | Oh I'll have to pay $330 instead of $300 for my CPU. The horror!
        
       | Taylor_OD wrote:
       | That's all? No way.
        
       | uses wrote:
       | Doesn't this type of thing prove that we can just... start
       | manufacturing things domestically if we really wanted to? Which
       | would presumably be when it actually makes sense to do so? But it
       | mostly doesn't right now, so we mostly don't.
       | 
       | There are certainly benefits to being able to make something down
       | the block and quickly iterate. But that's a different thing from
       | industrial scale production. And if we really wanted that benefit
       | wouldn't we just... do it?
        
       ___________________________________________________________________
       (page generated 2025-07-24 23:00 UTC)