“ A decade ago, Intel made 1.7X more in annual revenue than the top five pure-play chip designers combined. Today, the top five chip designers combined make 1.5X more revenue than Intel, a massive swing within just one decade! While Intel revenues grew 1.4X over the last decade, the chip designers nearly quadrupled their revenue in the same period.”
“ Fifteen years ago, Intel annual revenues were 3X larger than those of either Google or Amazon, while Intel made nearly 2X the revenue of Apple! Microsoft was the only one of these 4 companies with a revenue higher than Intel. Today, these four companies earn 10X more in combined revenue than the three largest chipmakers!”
“ Just a decade ago, Intel alone was valued nearly 2X that of TSMC and 4X larger than the top five equipment makers combined. Today, the market capitalization of the top five toolmakers combined is comparable to TSMC, and over 3X larger than Intel!”
https://semiconductor.substack.com/p/chip-wars