One had process leadership, once, had the silicon growth driver, once. Had the opportunity to fabricated a game changing new paradigm in computing. Yes Steve Jobs offered Intel the opportunity to manufacture an ARM core that would have powered another 300 million units of silicon per quarter. But x86 is the only thing Intel seems to care about, so what happened
We have declining unit volume, fab closures, declining fab starts, dropping revenue, dropping profits and of course layoffs and more layoffs as each successive generation has little to compel the people to upgrade their PCs.
While on the other side of the business. TSMC had growth above expectation, growth fueled by the most important device that eveyone has in their pocket, that they upgrade every two years for fashion and value. They now out invest everyone but Samsung, they are growing like gain busters fueled by the CPU, modem that Intel turned down, they have a roadmap that is pulling ahead of intel.
One has lost the virtuous cycle, the other is only starting to harvest the bounty of the virtuous cycle.
If you are TMG grunt time to move east, the ship is sinking! I remember the days where with every generation one company used to build new factories, now that company is in the Far East that builds bigger and bigger with each generation, while the one on the west has severe shrinkage.
https://www.semiwiki.com/forum/f302/tsmc-reports-second-quarter-eps-nt$2-80-a-8071.html?s=6cc539eced748648b2aaff72d5d0c719
http://www.eetimes.com/document.asp?doc_id=1330117