It seems to have worked out for them? The capital investments required to have a bleeding edge node keeps increasing every generation and there are fewer and f

It seems to have worked out for them? The capital investments required to have a bleeding edge node keeps increasing every generation and there are fewer and fewer companies keeping up over time. AMD just didn't have the volume to keep up. Splitting off the foundry let AMD jump to TSMC for some of their volume and Global Foundries is free to dance with other companies that don't need the bleeding edge.