Despite a long list of issues plaguing chip giant Intel (INTC -4.68%), the company has made meaningful progress catching up to TSMC in semiconductor manufacturing. Intel was stuck on its heavily delayed 10 nanometer (nm) process for a long time, which caused all sorts of problems on the product side of the business.
Steven Dickens discusses all things A.I. He mentions Intel (INTC) as a company that has lots of promise but now without lots of questions if its assets acquired by another company, particularly TSMC (TSM).
[00:00:04] Doug McIntyre: So Intel, the shares of which are down almost 70 percent over the last five years, may have a couple of suitors for pieces of the company for this to work Intel would have to be broken up, but if you're a shareholder [00:00:20] Lee Jackson: I think it's like that's just Inconceivable.
Intel INTC has been showing a remarkable surge in its stock price, marking its longest winning streak since the 1980s. The strong momentum is driven by a combination of political developments, strategic business moves and market speculation.
Takeover rumors are increasing as Intel's (INTC -6.10%) management troubles attract potential suitors.
The gigantic strain of building out the US semiconductor-FAB network has Intel expending a lot more on CAPEX than cash from operations. Intel still trades at around 1 X book value even after the run up. With an average market price for comps' average book value of 4.46 X for this group currently, even dropping Intel to 3 X seems reasonable.
It's all bears on today's Options Corner. Tom White turns to unusual options activity in Intel (INTC), TSMC (TSM) and Micron (MU) to discuss the reasoning behind investor positioning.
Christopher Danely, Citi semiconductor analyst, joins 'Power Lunch' to discuss what Intel's potential breakup could mean for the stock.
Shares of Intel (INTC -5.37%) are losing ground in Wednesday's trading. The semiconductor company's share price was down 5.6% as of noon ET and had been down as much as 7% earlier in today's trading.
Newly formed chip startup AheadComputing on Wednesday said it had raised $21.5 million in seed funding.
Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are in talks to divide the ailing American chipmaker's business into two parts, according to the Wall Street Journal.
Shares of the much-maligned semiconductor giant Intel NASDAQ: INTC have jumped over 30% in the past week as of the Feb. 18 close. This is primarily due to rumors that Intel could sell off large parts of its business to two semiconductor behemoths.