Hi Arjun, Good analysis as always. Question, how does Intel stands against TSMCs and Samsungs of the world? Correct me if I am wrong but virtually every country wants to set up a chip manufacturing facility which would result in a lot of competition for Intel.
I know that all countries want to set up a high tech fab and manufacturing facility, even India is getting big into the game. But the key factor to remember is that Intel is American and by default this Carries a significant tail wind as a lot of these tech companies will prefer to outsource to an American firm. Also I think in terms of expertise and scale of investment, only TSMC compares to Intel in my opinion. The amount Intel is investing is unmatchable by even Countries. Using data and numbers - India is investing $10B. Intel is investing $95B over the next 5 years. I think they will come back and in a big way.
Intel have upgraded their Oregon facilities with asml system and the first in the list for asml newest model to create smaller chips. The market seem to not realize how significant this is yet.
@@turtlesnap3981 Fair Point, but NA-EUV technology is still unproven. Their first chip using this technology is not slated until 2023. ASML themselves don't believe mass production can be done until 2025. But I guess it's a long term story. If this works out, Intel would be valued multiple times as Arjun has recommended. And the downside seems to be limited from here.
Good discussion here. I'll add that Intel will receive the FIRST new ASML machines in 2025. That is the significant point that the market is missing, in my opinion. $INTC has never been a better value that earlier this year at $45. I'm multi-year long anywhere under/around $50. Disclosure: it's my largest position.
Hi Arjun, Good analysis as always. Question, how does Intel stands against TSMCs and Samsungs of the world? Correct me if I am wrong but virtually every country wants to set up a chip manufacturing facility which would result in a lot of competition for Intel.
P.S. I do agree the market is going to be huge and that's why I invested in ASML as the competition there is limited, for now.
I know that all countries want to set up a high tech fab and manufacturing facility, even India is getting big into the game.
But the key factor to remember is that Intel is American and by default this Carries a significant tail wind as a lot of these tech companies will prefer to outsource to an American firm.
Also I think in terms of expertise and scale of investment, only TSMC compares to Intel in my opinion. The amount Intel is investing is unmatchable by even Countries.
Using data and numbers - India is investing $10B. Intel is investing $95B over the next 5 years. I think they will come back and in a big way.
Intel have upgraded their Oregon facilities with asml system and the first in the list for asml newest model to create smaller chips. The market seem to not realize how significant this is yet.
@@turtlesnap3981 Fair Point, but NA-EUV technology is still unproven. Their first chip using this technology is not slated until 2023. ASML themselves don't believe mass production can be done until 2025. But I guess it's a long term story. If this works out, Intel would be valued multiple times as Arjun has recommended. And the downside seems to be limited from here.
Good discussion here. I'll add that Intel will receive the FIRST new ASML machines in 2025. That is the significant point that the market is missing, in my opinion. $INTC has never been a better value that earlier this year at $45. I'm multi-year long anywhere under/around $50. Disclosure: it's my largest position.