Intel (INTC)

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Investment Thesis

INTC invented the silicon in Silicon Valley.  However, for the last eight years, INTC has aimlessly attacked the market and destroyed significant shareholder value. 

To maximize the value of the organization, 

  • INTC should merge with AMD because the long-term competitive threat comes from the ARM  chip architecture and any future Chinese entrant - not AMD 

  • INTC must split into a separate Design business and a separate Manufacturing business.  

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Research

Date

Price

MktCap

5/28/2022

$44.55

$182.2B

11/29/2020

$47.45

$194.5B

7/27/2015

$27.89

$133B