The Definitive Edition: Analysis of Every Single Intel Fab Across the US, Ireland, Israel, and Malaysia The Lord of the Fabs and the Return of the King open.substack.com/pub/alexin…

From FIVR to PowerVia, Intel Foundry has continued to advance power delivery for increasingly demanding compute. Explore our new white paper on the evolution of power delivery and what’s ahead. ms.spr.ly/6012a9ql6 #IntelFoundry

Toms wrote an article about this data and they seem pretty confused. To clear things up 1) 18A is squarely in the N3 camp. It's not a N2 competitor like they claim in the article. 2) 18AP is a N3X competitor (JP Morgan Asia claim). Maybe a N2 competitor, not N2P. As Naga said it falls between N3 and N2P. 3) 18AP is probably 2Q's behind N2P in yield. So for 14A to have a 5% PPA deficit vs TSMC A14 (Naga's claim). Means Intel shrunk the PPA gap from 10%ish to 5% range. A Q1 28 14A HVM date means Intel shrunk the yield gap to match TSMC. This is great news for Intel Foundry and why external customers are excited. Given supply shortages fabless companies want 2nd sourcing going forward. Intel can build a business off that while looking for future nodes to rebuild its technology lead. $INTC

If you need AI to be more than just a chatbot, you need a lot of CPUs and memory to get real work done $INTC $SKHY

TSMC's C.C. Wei told Lip-Bu Tan that he wishes Intel is successful in foundry to serve customers because TSMC doesn't have enough capacity to serve demand. Via @ABitPersonalPod $INTC $TSM

中秋節快樂

Really enjoyed this conversation with Jodi Shelton and @LipBuTan1. He opens up about growing up in Malaysia, finding his own path, taking risks, and the experiences that shaped how he leads today. There’s a lot to take away... listen to the season two premiere of @ABitPersonalPod. piped.video/watch?v=Nz2e-RJd…

And then they realized Intel owns the only domestic means of leading edge semi production $INTC

I have made the point before that it is not a node war between Intel and TSM but sheesh... within 5%. Not saying all of a sudden it is a node war but think of this as the cherry on top. 🍒 And yes, Intel absolutely does not have to worry about CoPoS at all.

XI SAYS CHINA HOPES U.S. TO ADHERE TO CORRECT POSITION OF OPPOSING "TAIWAN INDEPENDENCE," HANDLE TAIWAN QUESTION WITH PRUDENCE - XINHUA

Keybanc identifies Apple, Nvidia, Marvell, Microsoft, Micron and OpenAI as Intel Foundry customers. "Customer engagements on 18A-P and 14A now span engineering data, design work, and capacity planning, including discussions around locking-in future capacity. Importantly, 14A is substantially better positioned for external customers vs. 18A, with mgmt estimating 85-90% of required IP blocks are available today, vs. only 15% when INTC initially engaged externally on 18A. Mgmt would not confirm specific commitments, although did point to INTC's recent ~$23B equity raise and its stated need to fund growth when asked whether capacity planning implied committed customers, which we view as supportive of engagements becoming increasingly commercial. Mgmt characterized the initial phase of external Foundry success as onboarding a couple of relatively high-vol customers, with subsequent phases capable of scaling significantly faster if those initial ramps are successful. In our view, this aligns with the Foundry momentum we previously identified across AAPL, AMD, NVDA, MRVL, MSFT, MU, and OpenAI." "mgmt highlighted 18A is expected to reach industry-standard yields exiting '26, which was characterized as broadly comparable to TSM" Intel believes Arizona can support 80-100K WSPM near end of decade. With WSPM more than doubling from 30K WSPM this year. Ireland footprint is still 50% utilization. $INTC

TSMC REPORTEDLY PLANS 3%-6% WAFER PRICE HIKES STARTING JANUARY 2027 DigiTimes says increases could be larger for 2nm and 3nm, where demand is running ahead of supply. Supply-chain sources say: • 8-inch utilization is above 100% • Sub-45nm capacity is fully loaded • Orders are visible through 2030 • Arizona pricing remains elevated due to higher manufacturing costs The demand is being driven by AI-related GPUs, ASICs, HBM, power chips, controllers, analog, sensors, optics and advanced packaging. TSMC declined to comment.

Another reason to believe that the Intel Hynix JV situation should be resolved by the midterms or end of the year is that the 35% tax credit ends December 31st 2026. If you take steps before the end of the year to start your semiconductor manufacturing project then you get the credit going forward. Tax credit is 35% off everything, equipment, buildings etc. Hynix would be stupid to miss the deadline to announce it's investment. $INTC

"We want to reunify the island, and that aspiration has grown stronger. You feel the pressure in Chinese society and on the leadership’s agenda. I believe the leadership wants to achieve more progress toward reunification, and society is eager to see it rather than watch Taiwan drift away. The two sides reinforce each other: Because the DPP is in power, with what we see as a de facto independence policy, urgency rises on Beijing’s side—and when Beijing acts on that urgency, Taipei feels threatened and moves further toward independence," said @mawangcun1. wsj.com/world/china/before-t…

Oh wow @JensenHuang @LipBuTan1

With over $200 billion invested in U.S. manufacturing and R&D over the last decade, and $100 billion more to come, Intel continues to build the backbone of domestic tech leadership. See how: