Intel and AMD are both publically traded companies, so it is easy for them to raise money from the equity market (issuing more shares), or bond market (borrow). Intel is a titan in the high-tech business, with annual revenue of over US$52 billion, and net profit of US$12 billion. They also invested over US$14 billion last year in advance technologies and new chip making plants, which negatively impact their short term profit, but stengthened their long term leadership position. They have been the most advanced chip company in the world for many years. AMD is a much weaker company (<10% of Intel) and is losing money (lost US$100M on revenue of $5.0B). More importantly its market position is challenged by new entrants. Their stock price has dropped a lot to reflect the business situation. But their cash flow is still healthy and they can still sell bonds with reasonable interest rate. If they hit a winning product, they can bounce back easily. I do not know too much about 中蕊國際. But I guess the government of China correctly considers chip technology to be strategically important to China's future, so losing some money to keep and to grow this capability is no problem. These factors are beyond the conventional ROI considerations for investors.
DPZ Blog 
時常聽到intel, AMD, 中蕊國際在虧損，其實那裡有錢作長期虧損。
不明白，請各位指點。
Intel and AMD are both publically traded companies, so it is easy for them to raise money from the equity market (issuing more shares), or bond market (borrow). Intel is a titan in the high-tech business, with annual revenue of over US$52 billion, and net profit of US$12 billion. They also invested over US$14 billion last year in advance technologies and new chip making plants, which negatively impact their short term profit, but stengthened their long term leadership position. They have been the most advanced chip company in the world for many years. AMD is a much weaker company (<10% of Intel) and is losing money (lost US$100M on revenue of $5.0B). More importantly its market position is challenged by new entrants. Their stock price has dropped a lot to reflect the business situation. But their cash flow is still healthy and they can still sell bonds with reasonable interest rate. If they hit a winning product, they can bounce back easily. I do not know too much about 中蕊國際. But I guess the government of China correctly considers chip technology to be strategically important to China's future, so losing some money to keep and to grow this capability is no problem. These factors are beyond the conventional ROI considerations for investors.