FORM - FormFactor bull sees tailwind in Intel's foundry expansion

Intel's new goal of becoming a global foundry giant will increase competition with existing foundries TSMC and Samsung, providing a tailwind for FormFactor ([[FORM]] +5.8%) and other wafer test probe card companies, says Stifel.The firm maintains a Buy rating and $51 on FORM, which derives more than 30% of its revenue from Intel, according to Bloomberg data.Other Intel suppliers on the move include Aehr Test Systems ([[AEHR]] +2.4%) and CMC Materials ([[CCMP]] +5.0%).Background: Yesterday, Intel said it will spend $20B on two Arizona chip fabs this year as part of a push to expand the company's foundry capacity.

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FormFactor bull sees tailwind in Intel's foundry expansion