Intel Still Thinks It Can Keep Pace With TSMC and AMD
Intel (NASDAQ: INTC) recently posted its fourth-quarter earnings, and the chipmaker's stock price initially rallied after the results. For the first quarter, Intel expects its adjusted revenue to decline 12% year over year to $17.5 billion, which surpasses analysts' expectations, and for its adjusted EPS to drop 24%, which matches expectations. In other words, Intel won't outsource the production of its main CPUs to external foundries like Taiwan Semiconductor Manufacturing (NYSE: TSM) anytime soon, but it could let TSMC or other foundries manufacture its discrete GPUs and other chips.