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Intel Foundry Losses, China Export Controls & RTX 5090 Vanishes
Audio is available on Spreaker — see link below.
Intel posts 59% data centre revenue growth yet its foundry unit keeps bleeding cash — and markets aren't buying the turnaround story. Today's briefing also covers China's reciprocal AI export controls, Nvidia's RTX 5090 supply crisis, and Anthropic's 420-megawatt Nova Scotia data centre bet.
Audio is available on Spreaker — see link below.
Intel just posted its strongest revenue growth in fifteen years. The data center segment is up fifty-nine percent year over year, hitting six point three billion dollars.
Intel's manufacturing bet is enormous. The company has committed more than twenty billion dollars to building domestic fab capacity, backed by CHIPS Act subsidies.
Markets are making their own judgment. Intel and AMD both dropped three percent this week as investors rotated out of broader AI chip exposure.
Meanwhile, the geopolitical picture got more complicated. China's Ministry of Commerce proposed export restrictions on forty technologies this week, including twenty-three AI-related items and chip design tools.
On the GPU supply side, Nvidia's RTX five-zero-nine-zero has effectively vanished from retail. Secondary market prices are hitting eight thousand five hundred dollars.
One more development worth noting: Anthropic signed a twenty-year lease for a data center campus in Nova Scotia, Canada. Phase one targets ninety-five megawatts by late twenty twenty-seven, scaling to four hundred and twenty megawatts by twenty twenty-eight, with two billion in wind power integration.
The two things worth watching closely from here: whether Intel can show any path to foundry profitability before the capex burden becomes unsustainable, and how China's export control framework takes shape after November fifteenth. Both will have real consequences for how the semiconductor industry organises itself over the next several years.
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