I'll take a shot: Revenue starved GloFo --> Less money to invest in new processes going forward --> Delayed/poorer-performing AMD CPUs made by GloFo --> Better margins and marketshare for Intel CPUs.
Two things: Abu Dhabi's deep pockets, and AMD's newfound manufacturing flexibility.
The 1st is self-explanatory; As for the 2nd, as of the settlement, GF/Dresden can concentrate on higher margin large die (boutique) parts, because AMD can now fully utilize GF/Chartered. (Whereas pre-settlement, they were limited to 20% production there.)
Moving forward, AMD can leverage this further with designs that are geared towards packaging more mm/sq into higher margin parts, i.e. MCMs, Fusion, etc. that could never have been contemplated before given the requirement to allocate limited capacity between boutique and mainstream parts.
fpg
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