Intel Is The Only Alternative To TSMC And Will Be A Leader In Advanced Packaging, Claims A Wall Street Analyst

There are signs that Intel's next-gen 18A process is finally ready for commercial success. While challenges still abound, one Wall Street analyst has just highlighted the chipmaker's strategic significance to justify reiterating his bullish view on the stock. To wit, Northland analyst Gus Richard has now reiterated an 'Outperform' rating and a $28 stock price target for Intel. While declaring that 'Intel is the only alternative to TSMC' in the title of his note, Richard goes on to point out:  "Intel's turnaround remains in doubt, but we believe INTC has a lot of technology and levers to execute its turnaround." […]

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