Intel Corp (INTC)

[kpf]

Sarmad

Are you saying none of the credit goes to process/node advantage ?

No. Neither I claim there is no returns left presently and going forward for the next two nodes at least. Diesize-economies still exist, it's the parametrical returns that diminish currently and will finally go away. Not the question of if, but when.

The law of diminishing returns was observed in agriculture by Gutenberg. So it is actually better understood as a natural than an economic law. Moore's law is basically nothing else. There is a linear part of it, which we have seen for decades now and there is an asymptotic part of it, which we already begin to see.

In a nutshell, there is times when you can extrapolate the past to the future. And there is times when you cannot. (More precisely, you always can. But things do not always develop like this.)

K.