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Intel Foundry Losses, Memory Cycle Peak & MViSTA's China-Free Cable
Audio is available on Spreaker — see link below.
Intel's foundry revenue is up 31% yet losing money at a 36% operating margin — today's briefing unpacks that contradiction alongside memory cycle peak risk, equipment maker valuation disconnects, and the US-backed MViSTA submarine cable excluding Chinese vendors. Six stories shaping the semiconductor and AI hardware landscape right now.
Audio is available on Spreaker — see link below.
Intel's foundry revenue just grew thirty-one percent year over year. And the business is still losing money at a spectacular rate.
The memory story is running a different kind of risk. Micron is down twenty-seven point seven percent from its highs, despite a three hundred and twenty-four percent surge over the prior year.
Applied Materials and Lam Research are both down approximately forty-seven percent from their highs. Wafer fab equipment spending is still forecast to top two hundred billion dollars by twenty twenty-seven.
South Korea has revised its AI data center power demand forecast downward, and that revision is creating pressure on SK Group's four gigawatt buildout commitment. That commitment has always been opaque.
The US-backed MViSTA submarine cable project for Southeast Asia is at a supplier decision point. The project carries a four hundred million dollar price tag, targets a late twenty twenty-eight completion, and explicitly bans Chinese vendors.
AMD's data center business now represents fifty-eight percent of total revenue, doubling year over year. That's a strong growth profile.
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