Yes, the market is changing -- on all fronts for Intel. Many people talk about this being a tech problem, really its more like the logic at companies when you h

Yes, the market is changing -- on all fronts for Intel. Many people talk about this being a tech problem, really its more like the logic at companies when you hold a close to monopoly position -- why invest tons of R&D dollars when you can just increment more slowly and make the same money.. So they end up with a loss of tech leadership when they easily could have had it. The biggest mistake that Intel appears to have made was their failure to bring up the new 13nm EUV processes at the same rate as TSMC -- probably they were hoping it would fail, but it did not. Now TSMC has done a couple of nodes with EUV and they have some customers that are spending tons of money right now like Apple, AMD, nvidia, qualcomm, etc and now TSMC is flush with cash and have a strong runway in front of them -- its like TSMC is already in execution mode while Intel is still trying to get things working. Intel basically thought, hey lets see how long we can milk our big cloud customers with $2000 processors and only minor improvements. Those customers realized they could hire a chip team themselves and build their own processor for the amount of money they were paying Intel each year, so they did that. So they got attacked on the enterprise side by their own customers making their own chips like Amazon and Google, the consumer side by AMD just throwing lots of cores at the problem -- and Apple dumping x86 in their laptops -- and soon to be others, and they essentially have nothing in the mobile space. So they went from being dominant 10 years ago to being 2nd place in multiple of their core businesses. Clear failure of leadership to realize they need to maintain technical supremacy otherwise they will not be able to charge the prices they want to charge. Now their competitors are shipping chips with 64 cores and Intel's plan to uber slowly release 16 cores, then 20 cores, 24 cores, etc over a 8 year period or whatever their plan was is blown up..