Intel's Manufacturing Overhaul: Aims for Second Largest Foundry Spot with Projected Revenue Over $20B
Portfolio Pulse from Anusuya Lahiri
Intel Corp plans to restructure its manufacturing business, aiming to become the second largest foundry with projected revenue over $20 billion. The company has not disclosed a timeline for the restructuring or named new external customers. Intel also announced a 20% stake divestment in its IMS Nanofabrication business to Bain Capital Special Situations for $4.3 billion.
June 22, 2023 | 12:23 pm
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Intel's restructuring plan aims to challenge Taiwan Semiconductor Manufacturing Company Ltd's dominance in the foundry market.
Intel's restructuring plan to become the second largest foundry could pose a challenge to Taiwan Semiconductor Manufacturing Company Ltd's dominance in the foundry market. This could potentially have a negative impact on TSM's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Intel's restructuring plan aims to make it the second largest foundry with over $20 billion in revenue, potentially boosting its market position.
Intel's restructuring plan to separate its manufacturing business and aim for the second largest foundry spot with over $20 billion in revenue could potentially boost its market position and attract new customers. This could have a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100