2024-01-30 11:02:43 ET
Summary
- It is starting to look realistically possible for Intel Corporation Foundry Services to catch up with Taiwan Semiconductor Manufacturing Company.
- If so, Intel could threaten growth and profits for TSMC, Advanced Micro Devices, and Nvidia.
- Even though Intel's foundry turnaround remains an uncertain prospect, the case for Intel as a hedge is becoming more compelling.
Intel Corporation (INTC) has been on the road to turning around its foundry business for a couple of years now, and developments over the last few months suggest that Intel Foundry Services ((IFS)) may start to catch up technologically with Taiwan Semiconductor Manufacturing Company Limited (TSM) aka TSMC over the next two or three years. This possibility was further highlighted by positive news about Intel's foundry turnaround during the Q4 earnings report . Although Q4 results and next quarter's guidance were both disappointing, and Intel shares have dropped about 12%, the updates about Foundry Services were generally positive and the long-term outlook for Intel seems to be improving....
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Intel Makes Sense As A Hedge To TSMC, AMD, And Nvidia (Rating Upgrade)