One of my friends threw interesting scenario in the air, would it be in the realm of possibilities that RTG will be spun off as a separate company, from which AMD owns majority and Intel minority, for example 51/49? It could give RTG enormous possibilities on the budget side, possibly access to better manufacturing process, which would benefit both AMD and Intel?
One of the things that comes up in a joint venture like this would be that when the JV starts asking for resources such as capital calls, or the accounts go over owner contributions over time, is how sustainable the current split is.
AMD faced this with its Globalfoundries spinoff and split ownership with ATIC.
As long as the specter of tripping some of the last covenants of the prior cross-licensing agreements with Intel remained, AMD had to maintain at least some semblance of control.
However, capital calls for GF inevitably diluted AMD's share since it couldn't contribute on the level of Abu Dhabi's investment fund. AMD made it clear they would be looking for ways to divest the remainder of their holding, and once an agreement with Intel was made the final sliver was sold off.
A joint venture has an AMD with historically limited investment as the controlling party, and then an Intel whose partnership provides the enormous budget and manufacturing contributions?
How long would AMD's inferior investment keep it in control, or why would Intel agree to give all those things if while AMD coasts by calling all the shots?
We lost around 50-60% of one of our R&D tech product team to another tech company collaborating with us when the senior lead engineer jumped to them and then targetted others involved in the development, they went from having nothing to 3 years later a product that competed moderately well to another 2 years after that being a serious competitive headache; this was an incredibly complex technology to develop from scratch - cannot say much more than this otherwise would start to become too specific.
They managed this without breaking their IP/trade secret related obligations as well.
The key is who Raja will target, which may also include specific engineers within Nvidia and other companies as well.
Working on a new fresh project with high levels of resourcing and under someone like Raja will appeal to quite a few; look how Jim Keller prefers to operate and move around for the project interest.
Of course anyone joining will need to weigh up the history of Intel-the current CEO and commitment to such a project/division like some in this thread mentioned.
And will Xeon Phi (and associated team) in the shorter term also end up under new division/Raja or at least overlap/work with them.
One related event was AMD's loss of most of its Jaguar team, with a similar sequence. The other party was mostly Samsung, although as a competitive headache I'm not sure it's threatened AMD directly yet.
It did mean that AMD's decision to focus its efforts on one CPU design was not just a decision based on outside factors, as the choice to do otherwise was effectively removed.
Anyway, I think, that Eric Demers should never leave AMD. I'm also convinced, that neither Demers nor Koduri are responsible for current situation. What we see is a result of decreased budget for AMD's GPU division, result of Read's administration.
Could you clarify the Demers statement? Did you mean he should have never left? I recall he went to Qualcomm in 2012.
One additional wrinkle to the blame game for Read is that there were at some rumors concerning the cutting of R&D started back with interim CEO Seifert, though Read obviously had the choice of changing things if he didn't agree.