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The theme underpinning this comment is that the competition can't scale up - which is effectively a view that TSMC can't scale up and indeed TSMC is the big ris
by klelatti 6y ago
The theme underpinning this comment is that the competition can't scale up - which is effectively a view that TSMC can't scale up and indeed TSMC is the big risk in this hypothesis.
But TSMC has scaled up quickly before to produce 200m+ iPhone CPUs. And the money is there - Amazon, MS, Google, Nvidia and even AMD are not exactly paupers.
As I've said below Intel's P/E ratio is less than 10. That's extraordinarily low for a company in this market with growing revenue and eps. Clearly the market agrees with me that Intel can't sustain these earnings even over the medium term.