Posted 2/24/2024, 3:08:51 PM
Intel Plots Foundry Growth, Unveils New Nodes and Microsoft Deal amid Analyst Caution
- Intel unveiled new 14A node and plans to become 2nd largest foundry by 2030, with government support for escalating AI demand
- Microsoft revealed as new Intel Foundry customer, designing chip for 18A process
- Wafer production begun for 18A Clearwater Forest processors, evidencing 5N4Y plan on schedule
- Intel rebranding IFS as just Intel Foundry, establishing itself as a "systems foundry"
- Analyst Ramsay impressed but still rates Intel stock as Market Perform/$42 target, seeing progress as "necessary but insufficient" for leadership regained