Intel Foundry Is Getting Ready To Challenge TSMC (Upgrade)


  • Intel Corporation investors have underperformed the S&P 500 Index since the start of 2024, with a YTD total return of -12%.
  • Intel management unveiled a revised financial reporting framework for its foundry and products business to provide more clarity and instill discipline.
  • Intel’s foundry business recorded a segment loss of $7B in 2023, but management is confident in achieving breakeven profitability before 2030.
  • I explain why Intel’s fundamentally strong business model should underpin Intel Foundry’s ramp cadence.
  • With Intel pulling back closer to the key $40 support level, Intel investors should consider aggressively buying the dip.

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Leon Neal

Intel Unveils New Financial Reporting Framework

Intel Corporation (NASDAQ:INTC) investors have fared poorly against the S&P 500 (SPX, SPY) since the start of 2024, delivering a YTD total return of -12%. In addition,

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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