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> The first offering of Xe graphics (still not out yet) will probably not be competitive with cards that AMD and Nvidia released over a year ago.

Being a only a year behind market leaders with your first product actually seems pretty impressive to me. Especially if that's at the (unreasonably priced) top of the line, and they have something competitive in the higher volume but less sexy down market segments.

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Intel's i860 was released in 1986, that evolved to the i740 in 1996, and later on to the KNC, KNLs, Xeon Phis, etc.

The >= KNC products have all been "one generation behind" the competition. When the Intel Xe is released, Intel will have been trying to enter this market for about 30 years.

This market is more important now than ever before. I hope that they keep pushing and do not axe the Intel Xe after the first couple of generations only to realize 10 years later that they want to try again.

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