TSM - Intel Can Beat Nvidia (Or Nvidia Joins Them)
2024-07-12 13:57:37 ET
Summary
- Intel, with the United States government and EU help, is investing over $100 billion into semiconductor chip fabrication and aims to become 2nd to TSMC for chip production by 2030.
- Intel estimates that global semiconductor production will double by 2030. $15 billion worth of semiconductor business has signed on with Intel by large names such as Microsoft.
- Concerning GPUs, Intel is readying a new GPU called "Battlemage".
- If Intel sticks with GPUs for several generations and many years, it could bring some limited pain to Nvidia. Yet, rumors whisper of Nvidia and Intel working together.
- Intel is currently a turnaround story and unloved and undervalued in our opinion. We view them as a long-term buy.
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Intel Can Beat Nvidia (Or Nvidia Joins Them)