Intel ‘needs to be a foundry,’ says Northland By Investing.com

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<span>© Reuters. Intel (INTC) ‘needs to be a foundry’ says Northland</span><br />
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<p>Northland Capital Markets reiterated an Outperform rating and $45 price target for Intel (NASDAQ:) shares in a note Wednesday.</p>
<p>Analysts at the firm told investors in a research note that INTC’s most important object is to regain process technology leadership which they believe is on track.</p>
<p>“The second is creating a profitable foundry that external customers can use,” wrote the analysts. “We believe filling older fabs no longer needed for Intel’s internal products with foundry customers fixes INTC’s business model.”</p>
<p>The analysts stated that Intel “needs to be a foundry” and must succeed in the market to drive scale.</p>
<p>“If successful, INTC could drive high-margin leading-edge revenue with its internal products and decent trailing-edge gross margin by filling old fabs with foundry customers,” the analysts concluded.</p>
<p>Intel shares are down around 2.5% at the time of writing.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/intel-needs-to-be-a-foundry-says-northland-432SI-3120117">Source link </a></p><p>The post <a href="https://forextraderhub.com/intel-needs-to-be-a-foundry-says-northland-by-investing-com.html">Intel ‘needs to be a foundry,’ says Northland By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>