Intel Corp (INTC)

[Elmer Phud]

Dmcq

During the year before they have risk production where they have early tape outs of various IP and designs and fix problems in the design rules and process and make sure their characterizations are okay

It seems though TSMC has historically described this stage as risk production or revenue material. The only one who ever gets any revenue is TSMC and the customer takes all the risk. Naturally nothing ever works at this stage but TSMC describes it as revenue material anyway because they charge the customer for the wafers.