And here is the letter

Our data-centric businesses grew 25 percent through June, and cloud revenue grew a whopping 43 percent in the first six months.

And you paid for all of this.

Together as an industry, our products are convincing buyers it’s time to upgrade to a new PC. For example, second-quarter PC shipments grew globally for the first time in six years, according to Gartner. We now expect modest growth in the PC total addressable market (TAM) this year for the first time since 2011.

It never had been worse time to upgrade PC actually. As NAN prices still not returned to their proper level and DRAM remains on the sky.

We’re prioritizing the production of Intel® Xeon® and Intel® Core™ processors so that collectively we can serve the high-performance segments of the market. That said, supply is undoubtedly tight, particularly at the entry-level of the PC market. We continue to believe we will have at least the supply to meet the full-year revenue outlook we announced in July, which was $4.5 billion higher than our January expectations.

So contrary to demand, they make priority on the stuff that makes much more profit due to excessive margins (Xeon margin can reach 3000-5000% easy).

Many of you have been longtime Intel customers and partners, and you have seen us at our best when we are solving problems.

Each time you "solved problem" it had been some price hike :-)

Since Intel CPU supply shortages are expected to ease significantly in early 2019 and the US-China tariff war is likely to subside gradually, chipmakers are expected to enjoy a faster influx of orders from device customers in the first quarter of 2019, the sources said.

Taiwanese guys started to use heavy drugs. As it'll be all reverse.