Intel Targets $15B In Foundry Revenue By 2030, But Analyst Says TSMC Will Be '10X Larger'
Portfolio Pulse from Surbhi Jain
Intel Corp aims for $15B in foundry revenue by 2030, despite current challenges and competition from TSMC, which is expected to be 10x larger in foundry revenues. JPMorgan's Harlan Sur maintains an underweight rating on Intel with a $37 price target. Intel's transition to EUV technology and long-term margin targets remain key to its strategy, despite short-term headwinds including a downturn in stock performance, datacenter share loss to AMD, and muted traction in datacenter accelerator products.
April 03, 2024 | 12:19 pm
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NEUTRAL IMPACT
Intel targets $15B in foundry revenue by 2030, with JPMorgan analyst rating it underweight and setting a $37 price target. The company faces challenges but remains focused on long-term margin targets and transitioning to EUV technology.
Intel's ambitious revenue target and strategic focus on EUV technology and margin goals are positive, but the underweight rating and price target from JPMorgan, along with competition from TSMC and AMD, present short-term challenges. The mixed outlook suggests a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AMD's datacenter share gain poses a challenge to Intel, impacting Intel's performance and strategic positioning in the market.
AMD's gain in datacenter share represents a competitive challenge to Intel, potentially benefiting AMD's market position and stock performance in the short term.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
TSMC is expected to be 10x larger than Intel in foundry revenues by 2030, indicating strong competitive positioning in the semiconductor foundry market.
TSMC's expected dominance in the foundry market by being 10x larger than Intel in revenues highlights its strong competitive position and growth prospects. This positive outlook suggests a likely upward short-term impact on TSMC's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80