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How innovation died at Intel? Uncertain future ahead

• osnium123 2y ago
  Key quotes: "Nobody in the Intel Technology Development Group, who's either at the top level or one level down, would even have a seat at the table anywhere in the first three levels of management at TSMC," said the former executive who worked in Intel's foundry. While the government is funding the expansion of TSMC’s and Samsung’s foundries in the US, the vast majority of those companies’ manufacturing capacity is in their home countries of Taiwan and South Korea, per Miller. That's seen by some as a national security risk in case of a Chinese invasion of Taiwan. But "that doesn't automatically make Intel the solution," Rasgon said. " We can throw all the money we want at Intel, it doesn't necessarily fix the problem," he added. Nearly 80% of analysts tracked by Yahoo Finance, including Rasgon, have a Hold rating on the stock, with an average price target of $24 over the next 12 months.
• deleted 2y ago
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