Intel's CEO Likely To Reject Foundry JV For Tougher Profits (Rating Upgrade)
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Intel's CEO is likely to reject a joint venture for its foundry business, focusing instead on leveraging Lip-Bu Tan's leadership to reclaim process dominance. The stock is rated as a moderate Buy with a target of $35 by FY26, contingent on internal improvements and strong execution.
March 17, 2025 | 10:30 pm
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Intel's CEO is likely to reject a joint venture for its foundry business, focusing on leveraging Lip-Bu Tan's leadership to reclaim process dominance. The stock is rated as a moderate Buy with a target of $35 by FY26, contingent on internal improvements and strong execution.
The news suggests a strategic shift in Intel's approach to its foundry business, focusing on internal leadership and innovation rather than a joint venture. This aligns with a moderate Buy rating and a price target of $35 by FY26, indicating potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100