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This kills the foundry.

Could you elaborate? AMD spun their fabrication arm off into GlobalFoundries a while back, and they seem to be doing okay. I thought that would be a good precedent for Intel divesting its fabs too, but I'd love to hear any counterpoints to that.

GlobalFoundries completely gave up on leading edge and went downmarket. It would be a shame to see Intel's fabs follow.

AMD spun off GlobalFoundries to save itself, and suffered greatly for many years afterward. Let's not pretend it was some kind of masterstroke done by a company that was firing smoothly on all cylinders.

Do a Google search for the stock price. AMD announced the spinoff in October 2008.

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