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St. James Traces AMD’s Fabless Strategy Amid Intel’s Weakening Position
The investor letter says AMD shifted to outsourced manufacturing and a new architecture after it could not match Intel’s capital spending.
Key takeaways
- St. James discussed AMD in its Q3 2026 investor letter.
- The firm says AMD turned to a fabless model in 2008 because it could not match Intel’s capital spending.
St. James Investment Company linked AMD’s manufacturing strategy to its discussion of Intel’s weakening competitive position in its third-quarter 2026 investor letter.
The firm said AMD began moving to a fabless model in 2008 and later committed to its Zen architecture, manufactured at TSMC facilities. It said AMD spun off its factories and outsourced chip production because it could not match Intel’s capital spending.
As of Monday afternoon, AMD traded at $587.99, down 3.31% since the previous close.
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This article was produced with the help of AI technology. Source: Yahoo Finance
