Only paranoid commoditise

The vicious fight between Intel and AMD shows no sign of abating. Lawsuits are flying between the microprocessor makers. Excess capacity between the two has led to price deflation for their chips. AMD in particular can’t afford to hold back on volume because its fragile liquidity means it has to maximise cash flow. But while the two companies are rightly paranoid about each other, it could be a technological slowdown that is really out to get them both. Chip speeds more or less hit a plateau ar...