Intel (INTC) Opens Fab 9 in New Mexico

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Go back to Intel (INTC) Opens Fab 9 in New Mexico

Citi on Intel (INTC): 'We continue to believe that Intel should exit the foundry business'

January 25, 2024 4:29 PM EST

Citi analyst Christopher Danely reiterated a Neutral rating and $47.50 price target on Intel (NASDAQ: INTC).

The analyst comments "This morning, Intel and UMC announced a foundry collaboration on 12nm. While this should help Intels foundry at the trailing edge, it... More