Yeah these "cause reasons" excuses are getting old... AMD is known for getting more done with less... They are a fraction the size of Intel and nVidia and yet they aren't light years behind Intel and they are nipping at the heels of (and in some cases ahead) of nVidia.
I don't see why they can't beat Intel this round, or nVidia for that matter, they have done it before.
The only reason AMD looks to be dying is due to their stagnant CPU offerings the last 10 years, mainly due to a failed Bulldozer architecture (lesser with Phenom I issues) which they managed to make the best of with their semi-custom business (it could have been a LOT worse).
If they come out swinging with really competitive CPUs and GPUs this round, they are absolutely NOT dying and it's no surprise a lot of investors see AMD being $10 a share in 2017.
Imagine the semi-custom, HPC and Mobile (Laptop) business they are headed for if Zen and Polaris/Vega are the real deal... I'm salivating at the thoughts of a 4-8C/8-16T Zen based APU with Polaris/Vega GPU and HBM in a Laptop format.