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Those graphs are gross profits. Aka: how to lie with graphs.
* Revenue -- "Money made"
* Gross Profit: Revenue - COGS, aka used to calculate "margin".
* Net Profit: Revenue - COGS - a whole bunch of other stuff. Also known as "The Bottom Line".
It always bothers me when people talk Gross instead of Net. Just because it has the word "profit" in it doesn't mean its what colloquial people understand as profits. If "profit" is unspecified, there's usually an underlying assumption that you're talking about Net.
Gross tells you the cost to build a chip vs the sale price, which was the topic. Net shows you nothing in that regard as it includes capital expenditures like building new plants, developing new products, marketing costs, and various administrative costs. So in fact, Net is the one that is 'fake' and can be manipulated. A highly profitable company can invest heavily in capital expenditures and appear to be broke on Net. This is why for a decade or more Amazon never made a dime, yet look at their revenue and gross margin and you see a different picture. Looking at a raw profit number like "20B vs 600M" (Net) tells you nothing about this, people who looked at that alone with Amazon would have though Macys was kicking their tail for a decade..
Hyperbolic example, using Net - if I'm selling 10 billion units of something and make $20B Net vs selling 10 units of something and making 600M Net, then the one making 20B can only lower price $20 before profit is zero or negative ($20B / 10B units). The one selling 10 units can lower price $60M each before profit is zero. Hence Net is useless in this discussion unless you know quantity across multiple sectors and can break it down in terms of net profit per unit. That type of data is not out there, so gross margin is all we have.
Of course, neither Intel nor AMD can lower their costs such that gross margin is anywhere near zero, else they'd have to cease all marketing, R&D, and so on to break even. My guess is they both need at least 20% and probably 30% Gross Margin to hit break even on Net Income.