Company Of The Day: Intel
What?
Intel (NASDAQ:INTC) has agreed to buy Israel-based chip company Tower Semiconductor in a $6 billion deal. Tower produces integrated circuits using specialty process technologies with manufacturing facilities in Israel, California, Texas, and Japan.
Why?
- Down 29% This Year, What Lies Ahead For Intel Stock Following Q1 Earnings?
- Will Intel Stock Return To Pre-Inflation Shock Highs Of $68?
- Gaining 50% Over The Last 12 Months, Will Intel Stock Rally Further After Q4 Results?
- Will Intel Stock Recover To Pre-Inflation Shock Highs?
- Up 44% This Year And With Foundry Plans Taking Shape, Will Intel Stock See Further Gains?
- What To Expect From Intel’s Q3 Results?
Intel has been doubling down on manufacturing, with plans to make chips for third parties and the deal for Tower could help add capacity and relevant technologies.
So What?
Intel stock gained about 2% in Tuesday’s trading.
See Our Complete Analysis For Intel
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| Returns | Feb 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| INTC Return | -1% | -6% | 34% |
| S&P 500 Return | -1% | -6% | 100% |
| Trefis MS Portfolio Return | 3% | -7% | 265% |
[1] Month-to-date and year-to-date as of 2/16/2022
[2] Cumulative total returns since the end of 2016