HAYS: And how does that - and what if AMD just matches you? You do tick tock, they do tock, tick?
OTELLINI: That's pretty hard to do. It's very expensive. You need - you need global scale. You need to be able to have enormous capital investments. You need to have redundancy and parallelism in your design teams to be able to bring things out on a cadence because chips take more than two years to design.
So you have to pipeline those. So it's a very expensive proposition to keep up with the space.
-------------------------------- Over and over he has mentioned the expense. What he has said then is that AMD cannot keep up with development because it it too expensive. The new Pennryn has the latest hafnium (plus the secret metal) gate technology. This cost billions upon billions to develop. This morning I have been reading the enthusiasts board analysis of this chip. They are through and all are extraordinarily positive about this new line.