Replies to post #140379 on Intel Corp (INTC)

[wbmw]

The Intel supporter has always fallen back on, "Intel will win in the end because they spend more than anyone else on manufacturing." Well, now they're clearly not, and they're headed in the wrong direction relative to TSMC, etc. Suddenly it just doesn't matter? Now it's, "they could if they wanted to?"

You're obsessed with the wrong statistic.

When it comes to CapEx, there are process development costs, as well as factory build costs. We don't have the visibility here to determine if Intel is spending any less on process development than they have in the past, and my guess is that they are probably spending MORE. However, the majority of annual CapEx is going into scaling out the process into factories, and to the extent that Intel can save costs by reusing factory space and existing machinery, they owe it to their shareholders to do so.

TSMC also serves a larger market in terms of unit volume. Much more of their CapEx is going into factory build costs. If Intel can win enough of the phone and tablet business, I'd like to see them increase their CapEx spending in proportion, but they shouldn't overbuild before they have the market in place, and I think the CapEx spending reflects that.

[Unkwn]

The Intel supporter has always fallen back on, "Intel will win in the end because they spend more than anyone else on manufacturing." Well, now they're clearly not, and they're headed in the wrong direction relative to TSMC, etc. Suddenly it just doesn't matter? Now it's, "they could if they wanted to?"

Umh, my argument was about financial superiority of Intel compared to TSMC. It was actually me who mentioned that TSMCs CAPEX is currently higher than that of Intel and I never said I like it. My argument was just that there seems to be some cooling in the semiconductor business in general, not just Intel, since TSMC lowered its CAPEX as well. Stay with the facts please!

[borusa]

The Intel supporter has always fallen back on, "Intel will win in the end because they spend more than anyone else on manufacturing.

it is unfathomable that Intel would cut R&D or cap X. We (meaning they) should eliminate stock buyback and dividends before even thinking about cutting R&D. The True Investors (™ChipGuy) would stick with the mighty juggernaut. The others, cowardly sons of bitches don't matter anyway.

An increase in contra revenue would be a good idea too. Screw the EU FTC, who do they think they are anyway. we (inteL faithful) are just as good as them, even better ... jealous losers