The question is, do they wear faster than they become obsolete, as in much more expensive to run than buying a new one with higher compute/watt. (and you can also factor in the ability to run latest models at usable speed)
It’s complicated. When you design with modern PDKs, you consider the expected duty cycle of the device, expected temps, and the wear and tear on the silicon all together. That affects the layout of the chip as well as certain choices about widths of various features. Generally, one designs consumer SoCs to last 10 years with the expected duty cycle (low). With more wear you could run out of your “years" much faster, maybe even before the warranty.
Apple has done the exact same with its iphone app store, lots of companies got shut down because of their app not beeing available anymore with no explanation. The problem is with exclusive app stores.
I don't often praise Apple, but their kernel hardening on macOS has been in the form of a deliberate, decades-long plan to move kernel extensions to userspace by providing the appropriate SDKs. Meanwhile Microsoft is running around like a headless chicken.
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