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Despite a long list of issues plaguing chip giant Intel (INTC -4.68%), the company has made meaningful progress catching up to TSMC in semiconductor manufacturing. Intel was stuck on its heavily delayed 10 nanometer (nm) process for a long time, which caused all sorts of problems on the product side of the business.
Broadcom would only be interested in Intel's core PC- and server-chip units, Piper Sandler speculated.
The major chip stocks that I follow are somewhat ambivalent about the conditions of the market on Friday in premarket trading, as we see overall positive conditions, but are still looking for a catalyst.
Steven Dickens discusses all things A.I. He mentions Intel (INTC) as a company that has lots of promise but now without lots of questions if its assets acquired by another company, particularly TSMC (TSM).
[00:00:04] Doug McIntyre: So Intel, the shares of which are down almost 70 percent over the last five years, may have a couple of suitors for pieces of the company for this to work Intel would have to be broken up, but if you're a shareholder [00:00:20] Lee Jackson: I think it's like that's just Inconceivable.
Intel INTC has been showing a remarkable surge in its stock price, marking its longest winning streak since the 1980s. The strong momentum is driven by a combination of political developments, strategic business moves and market speculation.
Takeover rumors are increasing as Intel's (INTC -6.10%) management troubles attract potential suitors.
The gigantic strain of building out the US semiconductor-FAB network has Intel expending a lot more on CAPEX than cash from operations. Intel still trades at around 1 X book value even after the run up. With an average market price for comps' average book value of 4.46 X for this group currently, even dropping Intel to 3 X seems reasonable.
It's all bears on today's Options Corner. Tom White turns to unusual options activity in Intel (INTC), TSMC (TSM) and Micron (MU) to discuss the reasoning behind investor positioning.
Christopher Danely, Citi semiconductor analyst, joins 'Power Lunch' to discuss what Intel's potential breakup could mean for the stock.