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On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

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Ben Thompson warned that TSMC's conservative expansion could lead to a global chip shortage in 2029, and giants need to share the risks of building factories. In his comments on the giants, he believes that Meta has the best execution; Google is chaotic but resilient; Amazon's self-developed chip strategy faces risks. Looking ahead, he pointed out that after the digital world becomes highly developed, "on-site" experiences may become the most scarce value

- Ben Thompson, founder of Stratechery, expresses concerns about the limitations in AI infrastructure, particularly the expansion capacity of TSMC, predicting a significant chip shortage by 2029.  
- He argues that TSMC’s conservative strategy in scaling capacity, driven by high depreciation costs, shifts the risk of insufficient power to companies like Nvidia and Apple, which may suffer future revenue losses.  
- Additionally, Thompson advocates that tech giants should support Intel or Samsung through prepayments to mitigate impending supply chain bottlenecks.

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In-depth interview with the founder of Stratechery: Warning of a "chip shortage" in 2029, the SaaS model will come to an end, and advertising is the ultimate business loop for AI