To do a fab build out and restructuring of this scale clearly they need to spend a lot of money. In that context the numbers from the financial report do not seem that shocking. This all seems to be quite an overreaction in the market. They still have a lot of revenue. They are still dominant in terms of market share. Their CPU products are competitive and reliable despite the process disadvantage. Yes there are issues some percentage of the consumer CPU high end but I'm sure the investigation will be completed and the right thing will be done, they cannot afford the reputational risk of not doing so.

I'm more concerned about how well 18a and beyond is coming on. Also how well is the sales side and client support for this going? I was thinking they were working more with TSMC to learn how this works from a client perspective so they can build something similar.

Regarding AI. Technically speaking isn't the AI hardware largely cut and paste? A much simpler CPU of which there are a few thousand copies. With the expertise they have in RTL design it does not seem that difficult.

That said I do not think that parallel compute of this nature is going to be future of AI, it is too expensive in terms of power. I'm sure a much more efficient structure will be designed in the coming years, e.g. neuromorphic.