What an uninformed post. AMD did not neglect their fabs. Hell they spent 2.5 billion building a new one in 2003 (Fab 36); and guess what, they still own nearly half of Global Foundries (spinoff) that is building a new fab in NY. They were consistently 6 months or so behind Intel when stepping down to a smaller process, which was faster than anyone else in the industry.
Hmm and I wonder why they would have to sell off their fabs after investing heavily in them, perhaps it is because they were not getting the returns they expected due to market manipulation?
"AMD couldn't keep up with Intel's aggressive pricing because they simply could not produce competitive chips as inexpensively as Intel could." That statement is just hilarious. For the time period we are talking about here, AMD chips were cheaper and faster than Intel's. No questions about it.