AMD fabless is a company entirely dependent on TSMC. Its market share has already begun to decline in laptops and PCs from 2022 because Intel is cutting prices and can produce 7-8 times more processors. And as AMD management acknowledged in January, even though they have spare capacity at TSMC, they are deliberately holding back deliveries of new series in order to sell off old series and to maintain inflated prices for old series in collusion with laptop and PC manufacturers and large retailers, since all warehouses are full. old laptops worth tens of billions of dollars.
Therefore, AMD essentially produces, year after year, "paper" series of new processors, which become available in large quantities after 1-1.5 years, when all interest in them disappears completely from educated buyers who are already craving new series.
Buyers every year show, like donkeys, a carrot in front of their noses, tied on a pole to a donkey. The donkey goes forward, but the carrot is still there...