Intel Corp (INTC)

[chipguy]

Intel has some options to increase non-MPU wafer starts and take semi
dollars from other companies.

The usage of eDRAM cache chips for graphics and L4 can be expanded
to include more mainstream, higher volume SKUs. This can further reduce
the market for discrete GPUs, particularly for laptops. This hurts both
Nvidia and AMD by reducing the market for GPUs as well as DRAM
vendors selling GDDRx style devices.

The question is how much extra tooling is needed to make 3DXP in an
MPU logic fab. If this is minimal then Intel could in theory rapidly ramp
up 3DXP production in-house and displace a good chunk of the DRAM
and flash going into servers today. That would probably hurt Samsung
the most.

Keep in mind these strategies must make sense for Intel from the big
picture point of view. They have to complement its MPU segmentation
strategy and preserve overall gross margin, not just bring in extra bucks.
A slash and burn strategy just to hurt competitors is probably not in the
short term or long term interest of shareholders.