[moyta]

I've personally met with quite a few AMD employees over the past few years (hell, they bought me quite a bit of alcohol at times :P). They are not trying to compete in the high performance desktop or server arena anymore, they view it as an area that they will never win big marketshare in.

That being said, any market they can compete with Intel and cause them to have less than 100% marketshare in while making money is a market they are in or want to be in if they aren't already.

Intel literally has a half decade of chips that they could release right now that perform better and are ready to be released, but won't be until years down the road due to a desire to remain top dog in the event they have another Pentium 4 happen.

Perhaps that Joint Venture will go as well as Intel Israel went (brought the Core series out, replacing the failed Pentium 4) which then replaced Intel Oregon, but that is an iffy bet. The Israelis are particularly good at critical thinking, whereas that is generally not encouraged in China. I might be wrong though, but 2 to 3 years from now when we see first silicon for their modified Zen, we'll know.