Intel Earnings, Intel’s Differentiation?, Whither Terafab

By Stratechery by Ben Thompson April 29, 2026 · Edited April 29, 2026

Intel's earnings were very impressive, but the chief driver was a structural shift in demand for CPUs for AI. Plus, what is going on with Terafab?

Intel’s earnings were very impressive, but the chief driver was a structural shift in demand for CPUs for AI. Plus, what is going on with Terafab?