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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16596878" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3675501-intel-rallies-on-20b-manufacturing-expansion-to-become-global-foundry-player" target="_blank">Intel stock rallies on $20B manufacturing expansion to become global foundry player</a></p><ul> <li data-xf-list-type="ul">At today's Unleashed event, new Intel (NASDAQ:<a href="https://seekingalpha.com/symbol/INTC" target="_blank">INTC</a>) CEO Pat Gelsinger <a href="https://seekingalpha.com/pr/18243824-intel-ceo-pat-gelsinger-announces-idm-2_0-strategy-for-manufacturing-innovation-and-product" target="_blank">announced</a> a major manufacturing expansion, provided a 7nm product update, and outlined Intel's goal of becoming a significant player in global foundry capacity.</li> <li data-xf-list-type="ul">The manufacturing expansion will start with a $20B investment for two fabs in Arizona. The facilities will be located on the Ocotillo campus and planning and construction will begin this year.</li> <li data-xf-list-type="ul">The delayed 7nm process is progressing with tape in of 7nm compute tile for "Meteor Lake" expected in Q2. The advance was driven by Intel's further adoption of EUV lithography, which includes an equipment partnership with ASML (NASDAQ:<a href="https://seekingalpha.com/symbol/ASML" target="_blank">ASML</a>)</li> <li data-xf-list-type="ul">Intel wants to become a "major provider" of foundry capacity, establishing the Intel Foundry Services business to serve customers in the United States and Europe.</li> <li data-xf-list-type="ul">Gelsinger reiterates that Intel will continue producing the majority of its products internally, but Intel will also grow its relationship with third-party fabs. The external fabs will use advanced processes to manufacture a range of modular tiles, including core Intel client and data center computing offerings, starting in 2023.</li> <li data-xf-list-type="ul">Foundry giant TSMC (NYSE:<a href="https://seekingalpha.com/symbol/TSM" target="_blank">TSM</a>) currently manufactures some Intel products and reports earlier this year suggested Intel would lean harder on its partner.</li> <li data-xf-list-type="ul">Intel and IBM (NYSE:<a href="https://seekingalpha.com/symbol/IBM" target="_blank">IBM</a>) also announce a research collaboration focused on creating next-generation logic and packaging technologies.</li> <li data-xf-list-type="ul">Guidance: Intel expects to exceed its previously provided Q1 non-GAAP revenue and EPS guidance. Last quarter, Intel forecast Q1 revenue of $17.5B and $1.10 EPs.</li> <li data-xf-list-type="ul">The FY21 forecast includes $72B in revenue (consensus: $72.65B), $4.55 EPS (consensus: $4.78), 56.5% gross margin, $19-20B capex, and $10B FCF.</li> <li data-xf-list-type="ul">Intel shares are up 4.4% after hours. Rival AMD (NASDAQ:<a href="https://seekingalpha.com/symbol/AMD" target="_blank">AMD</a>) is down 2.3%. ASML is up 3.8%. TSMC is down 4.55%.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16596878, member: 137766"] [URL='https://seekingalpha.com/news/3675501-intel-rallies-on-20b-manufacturing-expansion-to-become-global-foundry-player']Intel stock rallies on $20B manufacturing expansion to become global foundry player[/URL] [LIST] [*]At today's Unleashed event, new Intel (NASDAQ:[URL='https://seekingalpha.com/symbol/INTC']INTC[/URL]) CEO Pat Gelsinger [URL='https://seekingalpha.com/pr/18243824-intel-ceo-pat-gelsinger-announces-idm-2_0-strategy-for-manufacturing-innovation-and-product']announced[/URL] a major manufacturing expansion, provided a 7nm product update, and outlined Intel's goal of becoming a significant player in global foundry capacity. [*]The manufacturing expansion will start with a $20B investment for two fabs in Arizona. The facilities will be located on the Ocotillo campus and planning and construction will begin this year. [*]The delayed 7nm process is progressing with tape in of 7nm compute tile for "Meteor Lake" expected in Q2. The advance was driven by Intel's further adoption of EUV lithography, which includes an equipment partnership with ASML (NASDAQ:[URL='https://seekingalpha.com/symbol/ASML']ASML[/URL]) [*]Intel wants to become a "major provider" of foundry capacity, establishing the Intel Foundry Services business to serve customers in the United States and Europe. [*]Gelsinger reiterates that Intel will continue producing the majority of its products internally, but Intel will also grow its relationship with third-party fabs. The external fabs will use advanced processes to manufacture a range of modular tiles, including core Intel client and data center computing offerings, starting in 2023. [*]Foundry giant TSMC (NYSE:[URL='https://seekingalpha.com/symbol/TSM']TSM[/URL]) currently manufactures some Intel products and reports earlier this year suggested Intel would lean harder on its partner. [*]Intel and IBM (NYSE:[URL='https://seekingalpha.com/symbol/IBM']IBM[/URL]) also announce a research collaboration focused on creating next-generation logic and packaging technologies. [*]Guidance: Intel expects to exceed its previously provided Q1 non-GAAP revenue and EPS guidance. Last quarter, Intel forecast Q1 revenue of $17.5B and $1.10 EPs. [*]The FY21 forecast includes $72B in revenue (consensus: $72.65B), $4.55 EPS (consensus: $4.78), 56.5% gross margin, $19-20B capex, and $10B FCF. [*]Intel shares are up 4.4% after hours. Rival AMD (NASDAQ:[URL='https://seekingalpha.com/symbol/AMD']AMD[/URL]) is down 2.3%. ASML is up 3.8%. TSMC is down 4.55%. [/LIST] [/QUOTE]
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