Intel and Apple to make semiconductor chips in the USA
India, June 20 -- Intel and Apple will now make semiconductor chips in the USA, according to USA President, Donald Trump.
Gene Munster, Managing Partner, Deepwater Asset Management told CNBC that TSMC will now have Apple as customer B. In the best-case scenario, Intel will get about 10% of the business now for the next several years. This will also add about 5% to Intel's business. Intel will need some time to ramp up the production run. This is just another news of how Intel is becoming a mean stock. The company has now become a 'real tech player' with the addition of Apple.
There is more room for optimism. Apple's YTD has become +9.62, and Intel's YTD has become +263.12. To calculate a stock's YTD return, subtract its price on the fis...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.