# EP 162: TPUs Via Cloud Next, Intel Earnings, Foundry Scarcity

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2026-04-27
- Length: 49m
- Episode: 165
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity
- Listen: https://share.transistor.fm/s/4ed89fb2

## Summary

Ben Bajarin and Jay Goldberg discuss Google's launch of TPU v5p and v5i at Google Next, highlighting the strategic shift to disaggregated training and inference silicon, including the new 'Boardfly' networking and Axion CPU head nodes. They analyze Intel's strong earnings and 'CPU resurgence,' noting improved yields, the viability of 14A process, and Intel Foundry's growing capacity. Finally, they examine the TSMC Symposium's discussion on High-NA EUV adoption delays and the broader semiconductor bull cycle.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=6) Introduction: Google Next and TPU v5p/v5i Launch
- [3:14](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=194) TPU Architecture: Memory, Boardfly, and Axion CPUs
- [9:04](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=544) Google's Inference Strategy and Historical Parallels
- [14:58](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=898) Intel Earnings: CPU Resurgence and Foundry Capacity
- [26:18](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=1578) Intel 14A Process, Yields, and Customer Adoption
- [38:53](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=2333) TSMC Symposium: High-NA EUV and Wafer Equipment Demand
- [46:16](https://hardwarepodcasts.com/podcast/the-circuit/2026-04-27-ep-162-tpus-via-cloud-next-intel-earnings-foundry-scarcity#t=2776) Semiconductor Market Cycle Durability and Stock Performance

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Scaling production](https://hardwarepodcasts.com/topic/scaling-production)

## Most relevant to

large enterprises

## Mentioned

- Google (company)
- TPU v5p (product)
- TPU v5i (product)
- Axion (product)
- Intel (company)
- TSMC (company)
- ASML (company)
- High-NA EUV (tool)
- NVIDIA (company)
- AMD (company)
- Gemini (product)
- HBM (chip)
- 14A (other)
- 18A (other)

## Related episodes from other shows

- [Google TPU vs Nvidia GPUs: Token Per Watt Dominance, or the Era of Scaling Is Over?](https://hardwarepodcasts.com/podcast/built-2-scale/2025-11-26-google-tpu-vs-nvidia-gpus-token-per-watt-dominance-or-the-era-of-scaling-is-over) (Built 2 Scale)
- [2025 Finale: Yann LeCun Raises $3B, Domain Addiction Confessions & Built 2 Scale Year Wrap](https://hardwarepodcasts.com/podcast/built-2-scale/2025-12-22-2025-finale-yann-lecun-raises-3b-domain-addiction-confessions-built-2-scale-year) (Built 2 Scale)
- [Intel CPU |5G Fixed Wireless | AI Silicon Race | SMIC Rift](https://hardwarepodcasts.com/podcast/ee-times-current/2019-03-29-intel-cpu-5g-fixed-wireless-ai-silicon-race-smic-rift) (EE Times Current)
- [Season 5 of Moore's Lobby is Coming Soon](https://hardwarepodcasts.com/podcast/moores-lobby/2022-09-06-season-5-of-moores-lobby-is-coming-soon) (Moore's Lobby)
- [Bonkers Birthday Badinage](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-18-bonkers-birthday-badinage) (The Amp Hour)

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