Posts Tagged ‘Intel’

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Nvidia Surpasses Intel In Market Cap

Tuesday, July 28th, 2020

This is some crazy news:

Nvidia Corp. NVDA, 2.38% surpassed Intel Corp. INTC, -1.38% as the largest U.S. chip maker by market cap for the first time on Wednesday. Nvidia shares closed up 3.5% at $408.64, giving it a market cap of $251.31 billion, while Intel shares finished up 0.5% at $58.61, giving it a market cap of $248.16 billion, according to FactSet data. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX Semiconductor Index SOX, 3.14%, a 17% gain in the tech-heavy Nasdaq Composite Index COMP, 1.64%, and a 1.9% decline in the S&P 500 index SPX, 0.66%. While it is not the first time a U.S. chip maker has surpassed Intel in market cap, it is the first time for Nvidia. Back in 1999 and 2000, Texas Instruments Inc. TXN, 1.89% surpassed Intel in cap a few times, and between late 2012 and mid-2014 Qualcomm Inc. QCOM, 3.80% and Intel often jockeyed for the No. 1 position, according to Dow Jones data.

Nvidia is a fabless semiconductor company that designs graphics processor units (GPUs), the chips that drive computer screens, especially those for gaming systems and consoles. They were also popular for Bitcoin and other crypto-currency mining rigs, though that market seems to have played itself out. They earned just over $3 billion in profit in their fiscal Q1.

Intel, of course, makes CPUs, the central processing units at the heart of pretty much every computer. They’ve had trouble recently as rival AMD has lapped them in a number of markets, Apple is abandoning them as the Mac CPU manufacturer to go with a custom ARM-based system-on-a-chip, and reportedly Intel has had process yield problems with their chips. However all of that hasn’t prevented them from announcing over $5 billion in profits for their last fiscal quarter, though they also announced they’re pushing out their 7mm process node.

Nvidia, like AMD, has its chips fabbed by TSMC. (AMD is also a competitor to Nvidia in the GPU space, having bought GPU maker ATI back in 2006.) Intel has more than a dozen of it’s own own wafer fabrication plants. But there are reports that even Intel has contracted with TSMC to fab some of its chips next year.

As of this writing, Nvidia is trading at a share price of about 78 times earnings. Meanwhile, Intel is trading at about nine times earnings. That’s a crazy divergence.

Owning your own fabs has become a very expensive proposition, but once they’re up and running, the costs are lower and give you full control of the process. So far Nvidia has benefited greatly from having TSMC fab their chips, but it’s rumored that all of TSMC’s cutting edge 5nm fab wafer starts are already spoken for next year (Apple is another customer), and it will take time for more fab capacity to come online. That may start to constrain Nvidia’s growth.

Nvidia is certainly having a better year than Intel, but 80 times earnings is a pretty crazy P/E ratio. Some market correction is probably in order.

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Posted in Economics, Uncategorized | 2 Comments »

Apple Dumps Intel

Wednesday, June 24th, 2020

Apple just announced that its Macintosh PC line will be moving from Intel CPUs to its own chip designs.

Apple today announced it will transition the Mac to its world-class custom silicon to deliver industry-leading performance and powerful new technologies. Developers can now get started updating their apps to take advantage of the advanced capabilities of Apple silicon in the Mac. This transition will also establish a common architecture across all Apple products, making it far easier for developers to write and optimize their apps for the entire ecosystem.

Apple today also introduced macOS Big Sur, the next major release of macOS, which delivers its biggest update in more than a decade and includes technologies that will ensure a smooth and seamless transition to Apple silicon. Developers can easily convert their existing apps to run on Apple silicon, taking advantage of its powerful technologies and performance. And for the first time, developers can make their iOS and iPadOS apps available on the Mac without any modifications.

To help developers get started with Apple silicon, Apple is also launching the Universal App Quick Start Program, which provides access to documentation, forums support, beta versions of macOS Big Sur and Xcode 12, and the limited use of a Developer Transition Kit (DTK), a Mac development system based on Apple’s A12Z Bionic System on a Chip (SoC).

Apple plans to ship the first Mac with Apple silicon by the end of the year and complete the transition in about two years. Apple will continue to support and release new versions of macOS for Intel-based Macs for years to come, and has exciting new Intel-based Macs in development. The transition to Apple silicon represents the biggest leap ever for the Mac.

Well, not really. The leaps from Motorola’s 68000 series to PowerPC chips, its move from legacy Mac OS to the FreeBSD/NeXTSTEP-based OS X, and the transition away from PowerPC to Intel, were all probably bigger leaps. But their transition away from Intel is still pretty big.

The chip they’re moving doing is based on ARM, but that’s only a small part of the story:

The A12Z chip that Apple is currently using in its latest LiDAR iPad Pro and its first generation Apple Silicon chip in the Mac mini developer transition kit does incorporate ARM CPU cores. But that ARM Architecture CPU is not the most significant reason Apple is moving away from Intel’s chips on Macs.

Apple alluded to this in referring to its own custom silicon as being an “SoC,” or System on a Chip. Over the past decade, Apple has developed a series of SoCs that incorporate essentially an entire logic board of chips that a typical PC would require into a single chip that can be mass produced and used across multiple devices from its iPhone, to iPad, to Apple TV and even HomePod.

The primary advantage of this integration was power consumption. ARM supplied licensed CPU reference design cores that provided leading compute performance per watt, leading Apple to make ARM the center core of its SoC designs. ARM cores are also the basis for Apple’s M-series components that monitor data from the accelerometer, gyroscope, and barometer to efficiently track how a device is moving over time.

Snip.

In some respects, Apple’s use of ARM cores in its SoCs is similar to its use of Unix in the OS itself. Both are effectively specifications that standardize the operations of low level technology layers. In the same way that Macs are more than just Unix systems, Apple’s SoCs are more than just ARM processors.

As with Qualcomm’s modems, the customizations, optimizations, and additional layers of proprietary work that Apple adds to its A-series SoCs results in a package that’s significantly more valuable than its base components.

That reality is reflected in Apple’s custom silicon being a lot more than just an “ARM chip,” and helps to explain why Apple’s SoCs have increasingly outperformed other ARM-based SoCs developed by Qualcomm, Nvidia, Samsung, and others.

Who’s going to fab the chips? Almost certainly TSMC, which has been fabbing iPhone chips since 2014, and which has lapped Intel in process technology.

Could Apple build their own fab? With a market cap of over 1.5 trillion and $192.8 billion cash on hand, they’re one of the few companies that could without making it a “bet your company” proposition.

But I don’t think they will.

Keep in mind, TSMC just broke ground on a new 5nm, 300mm Taiwanese fab expected to cost NT$500 billion, which works out to some $16.9 billion. They also plan to build a another 5nm fab in Arizona for $12 billion. That’s a lot of capacity for Apple (one of TSMC’s biggest customers, if not the biggest) to take advantage of. (TSMC has dozens of existing fabs, but not all are equipped for the cutting edge process technology Apple needs.)

Actually, Apple already owns a fab, a former Maxim facility at 3725 N. First St. San Jose, California, which it bought in 2015. Weirdly enough, you can’t find any information about it after 2015. Could they retrofit it to make their new SoCs? The older a fab is, the less likely it is to get retrofitted for new technology, for a variety of reasons. If they weren’t already using it for CPU production, they probably wouldn’t start now. But since they only paid $18.2 million for 70,000 square feet of valuable Silicon Valley real estate, I doubt that concerns them much.

Fabbing their own CPUs has a long-rumored move on Apple’s part, which has been building up its chip design capabilities for over a decade with the acquisitions of fabless design companies like P.A. Semi, Intrinsity, Anobit, Passif Semiconductor and part of Dialog Semiconductor. With its own CPUs, Apple is finally getting the complete end-to-end control of its computing platform its long sought.

According to Apple, “With the translation technology of Rosetta 2, users will be able to run existing Mac apps that have not yet been updated, including those with plug-ins. Virtualization technology allows users to run Linux. Developers can also make their iOS and iPadOS apps available on the Mac without any modifications.” Apple’s previous emulation transitions worked pretty well, but were far from seamless. In theory, well-written Mac software should only require a recompile to work properly on Macs using Apple’s new chips. In practice, such transitions are always bumpy, and it will take a while to tune performance.

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Posted in Economics, Uncategorized | 2 Comments »

LinkSwarm for April 24, 2020

Friday, April 24th, 2020

Welcome to another Friday LinkSwarm! It turns out that the Wuhan coronavirus has more tricks up its sleeve than we thought:

  • We knew about the viral pneumonia, but not about the blood clotting:

    Craig Coopersmith was up early that morning as usual and typed his daily inquiry into his phone. “Good morning, Team Covid,” he wrote, asking for updates from the ICU team leaders working across 10 hospitals in the Emory University health system in Atlanta.

    One doctor replied that one of his patients had a strange blood problem. Despite being put on anticoagulants, the patient was still developing clots. A second said she’d seen something similar. And a third. Soon, every person on the text chat had reported the same thing.

    “That’s when we knew we had a huge problem,” said Coopersmith, a critical-care surgeon. As he checked with his counterparts at other medical centers, he became increasingly alarmed: “It was in as many as 20, 30 or 40 percent of their patients.”

    One month ago when the country went into lockdown to prepare for the first wave of coronavirus cases, many doctors felt confident they knew what they were dealing with. Based on early reports, covid-19 appeared to be a standard variety respiratory virus, albeit a contagious and lethal one with no vaccine and no treatment. They’ve since seen how covid-19 attacks not only the lungs, but also the kidneys, heart, intestines, liver and brain.

    Read the whole thing.

  • A coronavirus map based on self-reported symptoms. I note that Williamson County has only about 0.32%.
  • Over on Borepath, there’s a good discussion of all the known unknowns of the Wuhan Coronavirus, and all the data we don’t have.
  • Quillette writer Jonathan Kay looks at coronavirus “superspreader” events:

    Only 38 of the 58 SSEs that I recorded were documented in a way that permitted me to determine their date with any specificity. (And even in these cases, I sometimes had to make educated estimates because of the vague nature of the reporting.) In the case of multi-day SSEs, such as religious festivals, I picked a day corresponding to the middle of the event. Unfortunately, some of the largest SSEs, such as those at North American meat processing plants, can’t be usefully pinpointed at all because the infections span multiple weeks (or even months), and the employers haven’t released detailed date-tagged data.

    Of the 38 SSEs for which dates could be usefully identified, about 75 percent (29/38) took place in the 26-day span between February 25th and March 21st, roughly corresponding to the period when thousands of infected COVID-19 individuals were already traveling around the world, but before social distancing and event-cancelation policies had been uniformly implemented in many of the affected countries. (A notable early outlier is Steve Walsh, who spread COVID-19 from a Singapore corporate meeting to a French ski resort to his native UK in late January and early February.) No doubt, a vast number of SSEs occurred in January and February without being reported as such, because public-health officials and journalists weren’t alive to the nature or scale of the coming pandemic. But it is reassuring that, so far, April has been almost entirely bereft of publicly reported SSEs.

    I was struck by how few of the SSEs originated in conditions stereotypically associated with the underclass (though a March outbreak at a Qatari migrant workers camp in the industrial area north of Doha offers one such example). Many of the early SSEs, in fact, centered on weddings, birthday parties, and other events that were described in local media as glamorous or populated by “socialites.” Examples here include a March 7th engagement party at a Rio de Janeiro “mansion” that attracted “high society” fly-ins from around the world, and a similarly described birthday party in Westport, CT.

    It is theoretically possible that socioeconomically privileged individuals really do lack some immune-response mechanism that protects individuals who have been exposed to a wider array of infectious pathogens. (A recent report on COVID-19 surveillance testing at a Boston homeless shelter contained the stunning disclosure that 36 percent of 408 screened individuals tested positive for COVID-19. Yet the vast majority were asymptomatic, and even the few who were symptomatic did not diverge statistically from the 64 percent of tested individuals who were COVID-19-negative.) But absent more data, the more obvious explanation is that these early SSEs are linked to the intercontinental travel practices of the guests. (In the case of the Connecticut event, reports the New York Times, “a visitor from Johannesburg—a 43-year-old businessman—fell ill on his flight home.” And the Rio party was attended by guests who’d traveled recently from, or through New York, Belgium and Italy.) Moreover, COVID-19 outbreaks in poor communities are simply less likely to be reported, because the victims have less access to testing, high-end medical care, or media contacts.

    In fact, the truly remarkable trend that jumped off my spreadsheet has nothing to do with the sort of people involved in these SSEs, but rather the extraordinarily narrow range of underlying activities. And I believe it is on this point that a close study of SSEs, even one based on such a biased and incomplete data set as the one I’ve assembled in my lay capacity, can help us:

    • Of the 54 SSEs on my list for which the underlying activities were identified, no fewer than nine were linked to religious services or missionary work. This includes massive gatherings such as February’s weeklong Christian Open Door prayer meeting in Mulhouse, France, which has been linked to an astounding 2,500 cases; and a massive Tablighi Jamaat Islamic event in Lahore that attracted a quarter-million people. But it also includes much smaller-scale religious activities, such as proselytizing in rural Punjabi villages and a religious meeting in a Calgary home.
    • Nineteen of the SSEs—about one-third—involved parties or liquor-fueled mass attendance festivals of one kind or another, including (as with the examples cited above) celebrations of weddings, engagements and birthdays.
    • Five of the SSEs involved funerals.
    • Six of the SSEs involved face-to-face business networking. This includes large-scale events such as Biogen’s notorious Boston leadership meeting in February, as well as one-on-one business meetings—from the unidentified “traveling salesperson” who spread COVID-19 in Maine to Hisham Hamdan, a powerful sovereign-wealth fund official who spread the disease in Malaysia.

    All told, 38 of the 54 SSEs for which activities were known involved one or more of these four activities—about 70 percent. Indeed, the categories sometimes overlap, as with patient A1.1 in Chicago, who attended both a party and a funeral in the space of a few days; or the New Rochelle, NY man who covered the SSE trifecta of Bar Mitzvah party, synagogue services, and local funeral, all the while going to his day job as a lawyer in New York City.

    But even that 70 percent figure underestimates the prevalence of these activities in COVID-19 SSEs, because my database also includes five SSEs involving two warships and three cruise ships—the USS Roosevelt, Charles de Gaulle, Diamond Princess, Grand Princess and Ruby Princess—at least three of which (and probably all five) featured onboard parties.

    These parties, funerals, religious meet-ups and business networking sessions all seem to have involved the same type of behaviour: extended, close-range, face-to-face conversation—typically in crowded, socially animated spaces.

    So you probably want to avoid such events for the near future. Snip.

    In the case of religious SSEs, Sikhs, Christians, Jews and Muslims are all represented in the database. The virus makes no distinction according to creed, but does seem to prey on physically intimate congregations that feature some combination of mass participation, folk proselytizing and spontaneous, emotionally charged expressions of devotion. In the case of Islam, it is notable that the same movement, Tablighi Jamaat, has been responsible for massive outbreaks at completely separate events in Lahore (noted above), Delhi and Kuala Lampur. At Mulhouse, the week’s schedule included Christian “choir performances, collective prayer, singing, sermons from preachers, workshops, and testimony from people who said God had cured their illnesses… Many people came day after day, and spent hours there.” And in Punjab, dozens of Sikhs died thanks to the itinerant rural preaching of a single (now deceased) infamous septuagenarian named Baldev Singh.

    Sporting events? Out. Choir performances? Out. Snip.

    It’s worth scanning all the myriad forms of common human activity that aren’t represented among these listed SSEs: watching movies in a theater, being on a train or bus, attending theater, opera, or symphony (these latter activities may seem like rarified examples, but they are important once you take stock of all those wealthy infectees who got sick in March, and consider that New York City is a major COVID-19 hot spot). These are activities where people often find themselves surrounded by strangers in densely packed rooms—as with all those above-described SSEs—but, crucially, where attendees also are expected to sit still and talk in hushed tones.

    Again, read the whole thing.

  • Speaking of things you’re not supposed to do: “Bangladesh: Over 100,000 gather for funeral of Islamic teacher, defying coronavirus lockdown.” What could possibly go wrong? (On the other hand, if this doesn’t turn into a superspreader event, then we have some valuable data about that seemingly invariant infection curve and/or the role of sunlight/warm climates in preventing infection.)
  • Speaking of superspreader events, want to guess who owned that South Dakota meat packing plant with the heavy infection rate? “In September 2013 Smithfield Foods was acquired by China’s biggest meat processor, Shuanghui International Holdings, in the largest acquisition ever of a U.S. company by a Chinese one.”
  • Speaking of China’s perfidy, while they rest of the world was struggling with the Wuhan coronavirus, they thought it was the perfect time to arrest dissidents in Hong Kong:

    Fifteen activists between 24 and 81 years old were rounded up on suspicion of organizing, publicizing or taking part in several unauthorized assemblies between August and October and will face prosecution, the police said on Saturday without disclosing their names, following protocol.

    The arrested democratic heavyweights included the veteran lawyers Martin Lee and Margaret Ng, the media tycoon Jimmy Lai and the former opposition legislators Albert Ho, Lee Cheuk-yan and Leung Kwok-hung, political parties and aides said.

  • Half the residents of a Boston homeless shelter had the Wuhan Coronavirus, but none showed any symptoms.
  • Democrats want a depression:

    If the Malevolent Donkey Party was actively seeking to plunge the country into an economic tailspin, while still maintaining some level of deniability to the credulous suckers out there, exactly what would it be doing differently? It would be pretty much doing exactly what it is doing right now – shilling for the bat-gobbling ChiComs, delaying needed assistance to keep America working, and generally trying to keep us all locked in the dark in perpetuity.

    It’s fair to assume that you intend the expected consequences of the actions you take, and the consequence of the actions the Democrats are taking is economic ruin. The indisputable fact is that they’re totally cool with that if that is what gets them back into power.

    Democrats are never ones to let a good crisis go to waste, and this Wuhan Flu is a very good crisis indeed if your goal is leftist hegemony. The Trump economy was booming after the near-decade of the Obama doldrums, and people were getting a taste of prosperity. But a happy, prosperous America is something the Democrat dudes can’t abide. All the Democrats had to sell were recycled cries of “RACISM!” and “RUSSIA!” and their standard-bearer was that sinewy weirdo Grandpa Badfinger, who was promising to drag us all back into the nightmare of globalist failure. The future looked grim, which means it actually looked bright for the rest of us.

    So, the Chinese coronavirus was a dream come true, a deus ex pangolin that finally, after an endless series of leaks, impeachments, investigations, and media meltdowns, might be the magic bullet that actually takes Trump down.

    Am I saying that the Democrats are exploiting the pandemic for their own cheesy advantage? Well, yeah. Everything they are doing is consistent with that. Everything. No, in the abstract, many of them would probably not prefer that tens of thousands of Americans die (I get enough Twitter death wishes to know, from their own filthy mouths, that some absolutely do want us to die), but their attitude seems to be that if life gives you tens of thousands of dead Americans, make political lemonade.

  • How can Nancy Pelosi worry about your piddling lives when there’s so much ice cream to eat?

  • Democrats delayed emergency aid for ordinary Americans so they could maintain “leverage” to achieve Democratic Party priorities.
  • “Top Elections Lawyer: Vote-By-Mail Is ‘The Most Massive Fraud Scheme In American History.'”
  • “U.S. Intelligence Knew Russia Preferred Hillary to Trump, But John Brennan Hid the Truth, Ex-NSC Chief Says.” This story probably deserves more attention than I can give it right now…
  • Iran: Watch our tiny boats harass the Great Satan! President Trump: I hope you like your gunboats getting destroyed.
  • Masks are for the little people, not a Bill Clinton aide-turned “journalist.”
  • Even Fredo’s brother said that the federal Wuhan coronavirus response was “a ‘phenomenal accomplishment.'”
  • Speaking of Gov. Cuomo, he said that if you’re not an essential worker, sucks to be you. (Hat tip: The Other McCain.)
  • In New York, the death panels are already here. If you code, you’re cold…
  • How the CDC screwed up testing kits. (Hat tip: Director Blue.)
  • Another reminder: Don’t freak out over polls:

  • Least surprising news ever: “Dysfunction in Baltimore police homicide unit went unaddressed as killings hit historic levels.”
  • “Vindictive Detroit Democrats to Censure Lawmaker for Saying Trump Saved Her Life.” Given that State Rep. Karen Whitsett is black, by Democrat’s own rules, her censure must mean they’re racists. (Hat tip: Stephen Green at Instapundit.)
  • A look at Amity Shlaes’ book, Great Society: A New History.
  • Won’t someone please spare a moment to think about how the coronavirus outbreak has derailed the Austin politicians’ plans to spend billions on their toy trains? (Hat tip: Iowahawk.)
  • Speaking of Austin, the coronavirus has closed landmark Austin restaurants Threadgill’s…
  • …and Enchiladas Y Mas.
  • Is Apple moving to ARM for Mac? They’re planning to have their own Apple-designed chips fabbed at TSMC on the latter’s 5nm process. Intel, the current supplier for Mac CPUs, isn’t slatted to hit 5nm until 20203, and there’s long been talk that bringing up yield on their existing 10nm process has been in a world of hurt for a while.
  • “Respect my (round) authoritah!”
  • Stop having non-Party approved fun, drone!

  • We’re all in it together:

  • Heh:

  • Heh, BAM!

  • Whippet. Whippet Good!

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    Posted in Austin, Communism, Crime, Democrats, Foreign Policy | No Comments »

    LinkSwarm for April 19, 2019

    Friday, April 19th, 2019

    Happy Good Friday! Yesterday was a very good Thursday for President Donald Trump, and a very bad one for the media outlets that lied about the Russian Collusion fantasy for two years.

  • After the Mueller Report release, Democratic House Majority Leader Steny Hoyer says that impeaching President Donald Trump is not worth pursuing. Take that, hard left base and Democratic House freshmen! (Hat tip: Sean Davis.)
  • Orange Man Bad!

    For approximately 3 million people, nothing in the Mueller report could exonerate President Trump of “Russian collusion,” obstruction of justice, and various other high crimes and misdemeanors of which they are certain he is guilty. For those 3 million people (a number reflecting the combined average weekday primetime audience of CNN and MSNBC) Trump’s guilt is an indisputable fact, his presidency an ongoing crime against humanity, his 2016 election a fraud. In a nation of 325 million people, of course, 3 million is less than a single percentage point. However, that hard-core audience of obsessive Trump-haters includes every Democrat in Washington and the vast majority of our nation’s journalists, university faculty, and other such members of the intelligentsia. Therefore, their deranged idée fixehas enormous influence, calling into existence a sort of anti-Trump industry that manufactures a constant output of rage-inducing propaganda. The CNN/MSNBC bubble is the cable-TV equivalent of a cult compound, where dissent from their political religion is forbidden. For the past two years, the fanatics have been told every night by Rachel Maddow, Don Lemon, et al. that the final destruction of Trump was at hand — “the walls are closing in!” — and the left-wing faithful awaited their deliverance from the evil man in the White House.

    “Orange Man Bad” — that’s a shorthand label for the anti-Trump mentality, coined by an anonymous contributor on a Reddit forum in 2017, mocking the robotic mindlessness of the president’s enemies. No fact that might contradict their Trump-hating beliefs has any validity to them, because Orange Man Bad. By obverse principle, anything done to harm Trump or his supporters, including libel and violent assault, is considered legitimate, because Orange Man Bad. Living inside a media-generated echo chamber where everyone shares their simplistic worldview, the Trump-haters tune in nightly to their MSNBC/CNN religious revival and are catechized, so to speak, with the latest reiteration of the Orange Man Bad gospel.

    What else can explain what happened Thursday, after Mueller finally delivered his 448-page “Report on the Investigation into Russian Interference in the 2016 Presidential Election.” The delivery of the special counsel’s report was preceded by a press conference at which Attorney General William Barr summarized the result of the investigation. Barr “made clear that, after two years of investigation, thousands of subpoenas, and endless media speculation, the ‘Russian collusion’ story was, as some of us had noted all along, a story about nothing,” as Professor Glenn Reynolds observed. “No member of Trump’s campaign — and in fact, no American anywhere — colluded with the Russians to influence the campaign.” Contrary to what MSNBC and CNN viewers had been told night after night for month after month, Trump is not a Kremlin stooge and yet: “Orange Man Bad!”

    Proven wrong on the matter of “Russian collusion,” the anti-Trump media sifted through the Mueller report in search of evidence of other wrongdoing by the president, who of course must be guilty of something. The Twitter feeds of media types filled up with excerpts of the report proving… what? Well, Trump was very angry about being falsely accused of “collusion,” and he didn’t enjoy watching his former associates being investigated and prosecuted as part of what he considered a partisan witch hunt, inspired in large measure by the phony Steele dossier paid for by the Clinton campaign. But we already knew that. Trump’s animus toward the Mueller investigation was certainly no secret, but being angry is not a crime and, however angry he was, nothing Trump did amounted to obstruction of justice. Because there was no “collusion,” and thus no crime to conceal, it would be hard to figure out how or why justice could be obstructed in such a case. The innocent don’t fear justice, and if Trump was innocent of “collusion” (as Mueller concluded) why should he engage in obstruction? Never mind basic logic, cried the Trump-haters, because Orange Man Bad!

    “Their minds are made up, and mere facts cannot penetrate their ironclad certainty about Trump’s maliciousness.”

  • Watch Democrats move the Mueller goalposts.
  • Editorial in the New York Times: “Barr Is Right About Everything. Admit You Were Wrong.”

    The American political and media elites that spent the first two years of the Trump administration promoting the Russian collusion hoax have some explaining to do. And not merely explaining: They owe the president an apology.

    As Attorney General William Barr said on Thursday before releasing the Mueller report, “After nearly two years of investigation, thousands of subpoenas, and hundreds of warrants and witness interviews, the special counsel confirmed that the Russian government sponsored efforts to illegally interfere with the 2016 presidential election but did not find that the Trump campaign or other Americans colluded in those schemes.”

    And yet nearly the entire complex of elite media was actively complicit in promoting the biggest political conspiracy theory in American history: that Hillary Clinton lost the election because Donald Trump conspired with Vladimir Putin to — well, that was always a moving target — but to somehow deprive Mrs. Clinton of victory. What we now know definitively is that Robert Mueller, the special counsel, and a team of very accomplished, mostly Clinton-supporting, prosecutors were unable to find evidence of a conspiracy that had been taken as an article of faith by Trump haters.

    Journalists don’t like being called “fake news,” but too many of them uncritically accepted the Trump-Russia narrative, probably because of their strong distaste for Mr. Trump himself. But that lack of objectivity represents a major professional failure, and it’s Exhibit A in why Mr. Trump’s taunt resonates with so many Americans. Gallup polling shows that for 69 percent of Americans, trust in the media has fallen over the last decade. Among Republicans, it’s 94 percent; for independents, it’s 75 percent and for moderates it’s 66. Only among self-identified liberals and progressives does a majority continue to trust the media. They like what they hear.

    (Hat tip: Ann Althouse.)

  • “CNN Ratings Continue To Plummet To All-Year Low.” (Hat tip: Director Blue.)
  • CNN: God Allowed The Mueller Report To Test Our Unshakable Faith In Collusion.
  • Related:

  • “Prosecutors Ask To Present Evidence That NXIVM Sex Cult Leaders Illegally Bundled Money For Hillary Clinton Campaign.” Good points: Juicy! Bad points: The use of “sex cult” and “Hillary Clinton” in the same sentence. (Hat tip: Stephen Green at Instapundit.)
  • Details on a Democratic dark money network under Arabella Advisors founded by Clinton Democrat Eric Kessler.
  • Leftists express respectful disagreement with Texas Rep. Dan Crenshaw over his criticism of Ilhan Omar. Ha, just kidding! They mocked him as “captain shithead, “Nazi,” and “eyeless fuck.”
  • What happens when the government turns your apartment building into public housing. “The SWAT team, the overdose, the complaints of pot smoke in the air and feces in the stairwell — it would be hard to pinpoint a moment when things took a turn for the worse at Sedgwick Gardens, a stately apartment building in Northwest Washington.” Bonus: they’re handing out vouchers for up to $2,648 a month, which is more than my mortgage payment. (Hat tip: Ann Althouse.)
  • “The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela’s socialist president, Nicolas Maduro.” Good.
  • Journalist shot to death in Northern Ireland, in an incident police are blaming on the New IRA.
  • Six MS-13 members charged in two murders.
  • Four truths that will get you banned from a college campus in 2019. Including: “To pretend that a man is a woman if he believes he is a woman…[is] objectively untrue.”
  • Shocker: University head doesn’t cave in to Social justice Warrior pressure, refuses to fire Camille Paglia.
  • Change your gut flora, change your thoughts. (Hat tip: Jordan Petersen’s Twitter feed.)
  • Black immigrant MAGA hat wearer beaten by thugs. Washington Post: “Meh. Somebody did something to somebody.”
  • Dallas County District Attorney John Creuzot says he will no longer prosecute theft cases under $750. Governor Greg Abbott is mighty pissed.
  • Related:

  • CDC: “Hey, our guidelines didn’t mean ‘Screw you, pain sufferers.'”
  • Apple, Qualcomm settle their patent dispute. Immediately after that was announced, Intel announced they were exiting the 5G modem business. Apple continues to be something of a monopsony in the space.
  • “Federal Judge Tosses Defamation Lawsuit by Teachers’ Union Leader Against Project Verita.”
  • Don’t California my Texas:

  • The Postal Service took away the doughboy’s gun.
  • Only in New York: Hermit gets $17 million to move out of his tiny dilapidated hotel room. (Hat tip: Baseballcrank.)
  • Gene Wolfe, RIP.
  • Ouch! (Consider yourself warned.)

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    Posted in Communism, Crime, Democrats, Foreign Policy, Guns, Media Watch, Texas, unions, Welfare State | No Comments »

    Semiconductor Update: GlobalFoundries Gives Up On 7nm​

    Thursday, August 30th, 2018

    GlobalFoundries has given up work on their 7nm process node. This is a direct result of AMD choosing TSMC over GlobalFoundries to fab their next generation microprocessor.

    GlobalFounderies was always something of an odd duck. It was spun out from AMD in 2009 to turn their manufacturing arm into a foundry because AMD itself could no longer afford the huge upfront capital investment state-of-the-art wafer fabrication plants demanded. As it exists today, GlobalFounderies​ is a Frankenstein’s monster of agglomeration, having gobbled up Singapore-based Chartered Semiconductor and what remained of IBM’s fab infrastructure (back in the day, IBM had some of the best semiconductor design capabilities in the world) in New York and Vermont. (SK Hynix, NXP and ON Semiconductor, all integrated device manufacturers rather than foundries, are similar merger-assembled aggregations.) GlobalFounderies actual owner is the Emirate of Abu Dhabi.

    With UMC screwing the pooch by letting Chinese spies walk out the door with Micron design IP, there was an opening for a (sorta, kinda) American chip foundry to provide a viable rival to TSMC, but GlobalFoundries evidently found it too difficult to do profitably.

    TSMC has already broken ground on a fab that will theoretically take them down to 5nm and is expected to cost $500 billion NT, which works out to over $16 billion US at current exchange rates. That’s more outlay than all the profit TSMC made all of last year.

    Some thoughts (partially based on scuttlebutt, gossip, etc.):

  • Right now there’s no non-TSMC foundry choice if a fabless chip company wants to attempt a sub 14nm design. It’s Taiwan or nothing.
  • To the best of my knowledge, no one outside TSMC, Intel and Samsung are even attempting 7nm. Word is that TSMC’s 7nm is actually closer to 10nm, and Intel is evidently in a world of hurt getting yields up on its 10nm process.
  • Samsung says they’re going to 7nm in 2019 using Extreme Ultraviolet (EUV) lithography, a long, long awaited technological shift that will probably involve its own painful learning curve. Others have speculated that, despite those plans, Samsung seems pretty happy sitting at 14nm with high yields for most of its own chip needs (as opposed to its foundry customers).

    • What this means is that the cutting edge of wafer fabrication technology is probably going to be centered on the Pacific rim for the foreseeable future. China won’t be on that cutting edge, because they can’t steal technology fast enough or hire enough enough qualified process techs to get it done.

    We may finally have reached a point that building a cutting edge, state-of-the-art wafer fabrication plant is a money-losing proposition for everyone.

    That means fabless chip designers working at the cutting edge will be dependent on Taiwan and South Korea for the foreseeable future, a fact that has a lot of foreign policy relevance, especially in relation to China…

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    Posted in Economics, Foreign Policy | 1 Comment »

    LinkSwarm for April 6, 2018

    Friday, April 6th, 2018

    Welcome to another Friday LinkSwarm! Today’s LinkSwarm runs the gamut from Ann Althouse to Zsa Zsa Gabor. So dig in…

  • This New York Times piece on the Islamic State is must reading for its glimpse as to just how the murderous would-be caliphate was able to hold on to and rule significant swathes of territory for years at a time. In short: Bureaucrats and taxes.

    Weeks after the militants seized the city, as fighters roamed the streets and religious extremists rewrote the laws, an order rang out from the loudspeakers of local mosques.

    Public servants, the speakers blared, were to report to their former offices.

    To make sure every government worker got the message, the militants followed up with phone calls to supervisors. When one tried to beg off, citing a back injury, he was told: “If you don’t show up, we’ll come and break your back ourselves.”

    The phone call reached Muhammad Nasser Hamoud, a 19-year veteran of the Iraqi Directorate of Agriculture, behind the locked gate of his home, where he was hiding with his family. Terrified but unsure what else to do, he and his colleagues trudged back to their six-story office complex decorated with posters of seed hybrids.

    They arrived to find chairs lined up in neat rows, as if for a lecture.

    The commander who strode in sat facing the room, his leg splayed out so that everyone could see the pistol holstered to his thigh. For a moment, the only sounds were the hurried prayers of the civil servants mumbling under their breath.

    Their fears proved unfounded. Though he spoke in a menacing tone, the commander had a surprisingly tame request: Resume your jobs immediately, he told them. A sign-in sheet would be placed at the entrance to each department. Those who failed to show up would be punished.

    Meetings like this one occurred throughout the territory controlled by the Islamic State in 2014. Soon municipal employees were back fixing potholes, painting crosswalks, repairing power lines and overseeing payroll.

    “We had no choice but to go back to work,” said Mr. Hamoud. “We did the same job as before. Except we were now serving a terrorist group.”

    Snip.

    After seizing huge tracts of Iraq and Syria, the militants tried a different tactic. They built their state on the back of the one that existed before, absorbing the administrative know-how of its hundreds of government cadres. An examination of how the group governed reveals a pattern of collaboration between the militants and the civilians under their yoke.

    One of the keys to their success was their diversified revenue stream. The group drew its income from so many strands of the economy that airstrikes alone were not enough to cripple it.

    Ledgers, receipt books and monthly budgets describe how the militants monetized every inch of territory they conquered, taxing every bushel of wheat, every liter of sheep’s milk and every watermelon sold at markets they controlled. From agriculture alone, they reaped hundreds of millions of dollars. Contrary to popular perception, the group was self-financed, not dependent on external donors.

    More surprisingly, the documents provide further evidence that the tax revenue the Islamic State earned far outstripped income from oil sales. It was daily commerce and agriculture — not petroleum — that powered the economy of the caliphate.

    They also seized land and goods from Shia, Christians, etc. and redistributed it to their followers as ‘war spoils.”

    Also this: “Mr. Hamoud noticed something that filled him with shame: The streets were visibly cleaner than they had been when the Iraqi government was in charge.”

    Read the whole thing.

  • Last week: Kevin D. Williamson leaves National Review for The Atlantic. This week: The Atlantic fires Kevin D. Williamson for wrongthink. Well, there goes my chance to snag the Sarcastic Texan Chair at National Review…
  • Black people should stop mindlessly voting for the Democratic Party says…Donna Brazile?

    “We have to stop giving up our votes. I have done just about everything in the Democratic Party but run for office – everything that they have asked me to do. I have done it. I have registered millions of people in my lifetime. I have knocked on so many doors that I cannot even see the black of my own knuckles. I have carried their water,” Brazile said during her keynote address at the Stateswomen for Justice Luncheon last week, which was organized by Trice Edney Communications.

    “I have put their platform within my heart to support. I have championed their issues. And when it came time for me to say what I believed was important, they said ‘shut up, Donna’ and I said ‘hell no, I am not shutting up,’” she added.

    Forgive me if my enthusiasm for Brazile’s truthtelling is tempered by the suspicion it comes less from deep philosophical conviction than resentment at taking the fall for Hillary’s dishonest and incompetence.

  • “Study: 70% of Europeans see rapid population growth of Muslims as a serious threat.”
  • “Anti-Mass Migration Sweden Democrats Polling First Among Young Voters.” It’s almost like a party standing against rape is more popular than the party standing for “multiculturalism.”
  • Chicago suburb Deerfield, IL passes law allowing confiscation of modern sporting rifles if they have more than a ten shot magazine. (Gun owners have already filed a lawsuit, backed by the NRA-ILA.) So remember: When Democrats state they “don’t want to confiscate your guns,” they’re lying. (Hat tip: Director Blue)
  • EPA Director Scott Pruett ends “secret science” (i.e., regulating on the basis of unpublished, unverifiable studies), and the New York Time (naturally) goes crazy. And here’s the debunking of same. (Hat tip: Stephen Green at Instapundit.)
  • 68% of India’s military equipment is “vintage” (i.e., old Soviet crap).
  • Apple to drop Intel? Maybe, but not until 2020. If so, does this mean Apple will build their own fab? That would be an expensive proposition, but one Apple would be one of the few companies in the world capable of affording. Or they could keep getting their chips fabbed by TSMC. (Or, the hybrid option, pay TSMC to open up a fab dedicated to producing the new chip at x number of years for y price, after which TSMC would own and run the fab, a technique Apple has used for other component manufacturers before.)
  • Man using the lady’s room at Target exposes himself to little girl. (Hat tip: Ace of Spades HQ.)
  • Kurt Eichenwald pens a bold screed at the evil conspiracy to make him look foolish, mentioning Parkland kid Kyle Kover but oddly omitting a certain media figure whose initials are “K.E.”…
  • Republican Tim Pawlenty to run for Minnesota governor again, an office he held from 2003 to 2011.
  • If you view the crucifixion of Jesus Christ as Christ having “masochistic sexual relations with his own father,” then maybe you shouldn’t be teaching at Holy Cross.
  • Ann Althouse watches and annotates an episode of Roseanne so you don’t have to. However, one correction: I’m pretty sure that the Conners don’t think of themselves as “poor,” they think of themselves as “broke.”
  • Speaking of Roseanne Barr, never forget that she’s a nut case. Indeed, back in 2012 I got into a tiny Twitter spat with her over whether HAARP controlled the weather…
  • When it comes to basic technical facts about firearms, liberal gun grabbers are proudly ignorant.
  • ESPN’s revamped morning SportsCenter is losing to Peppa the Pig. (Hat tip: Ace of Spades HQ.)
  • If you ever wanted something from the Zsa Zsa Gabor estate, now’s your chance. Especially if you wanted a painting of Zsa Zsa or her sisters: she had plenty…

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    Posted in Democrats, Foreign Policy, Guns, Jihad, Media Watch, Military, Uncategorized | No Comments »

    LinkSwarm for January 5, 2018

    Friday, January 5th, 2018

    Happy New Year!

  • How Donald Trump is restoring the S-curve.
  • What it’s like to be a New York Times reporter during the war on terror:

    Success as a reporter on the CIA beat inevitably meant finding out government secrets, and that meant plunging headlong into the classified side of Washington, which had its own strange dynamics.

    I discovered that there was, in effect, a marketplace of secrets in Washington, in which White House officials and other current and former bureaucrats, contractors, members of Congress, their staffers, and journalists all traded information. This informal black market helped keep the national security apparatus running smoothly, limiting nasty surprises for all involved. The revelation that this secretive subculture existed, and that it allowed a reporter to glimpse the government’s dark side, was jarring. It felt a bit like being in the Matrix.

    It’s a long and informative piece, even if you don’t accept all of reporter James Risen’s analysis. And it really does show how badly our national security agencies leak…

  • The recently discovered vulnerability in Intel chips is really, really bad. And fixing it requires about a 5-30% performance hit on every OS that runs atop Intel processors. (Here’s a nice layman description).
  • More on the same topic from Borepatch.
  • “Crazy” like a fox: “The tougher the sanctions and rhetoric from the United States, the more flexible North Korea is becoming.”
  • 40 companies offer Trump Tax Cut bonuses. (Hat tip: Director Blue.)
  • Germany outsources censorship. Evidently you’re not allowed to say anything critical of Muslims or “Muslim refugees,” ever. “How the Germans can’t see that such a law, in the hands of the wrong party, could be devastating is a mystery. I can only conclude such occurrences have no precedent in their country from which they could draw obvious lessons.” (Hat tip: Stephen Green at Instapundit.)
  • Scott Adams enumerates all the things President Donald Trump broke that needed breaking.
  • DACA isn’t what Democrats say it is.
  • Attorney General Jeff Sessions rescinds Obama-era memorandums on state-level legalized marijuana. Popehat thinks this is, at present, mostly cosmetic due to the Rohrabacher-Farr Amendment. I oppose federal marijuana prohibition on constitutional grounds: Regulating marijuana is not an enumerated power of the federal government, regulation is neither necessary nor proper (thus no 9th Amendment justification), and thus a matter entirely for the states absent any interstate commerce under the 10th Amendment.
  • “Mayor Sylvester Turner’s press secretary was suspended for two weeks without pay after she failed to turn over thousands of documents required to be released under Texas law. Darian Ward was asked to turn over emails relating to her work on non-city related projects, including a private side business called ‘Joy in Motion Productions.'” She must have gone to the Hillary Clinton School of Email FOIA compliance…
  • Dave Chappelle has a point. As gross, disgusting and socially unacceptable as having Louis C.K. masturbate on the phone with you is, if you let that dissuade you from pursuing a career in a field as hotly competitive as standup comedy, that’s on you. (Hat tip: Ann Althouse.)
  • “Genetic Study Supports Carbohydrate-Insulin Model of Obesity.”
  • Perfect season.
  • Dibs.

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    Posted in Border Control, Crime, Democrats, Texas, unions | 2 Comments »

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