Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?

Intel's (NASDAQ: INTC) stock price collapse at the start of August on news out of its earnings report wasn't a big surprise. The chipmaker had fallen behind after years of operating a money-losing foundry business, while fabless rivals, like Advanced Micro Devices, have gained market share.

Intel has long dominated the PC processor business, but a cultural aversion to risk-taking prevented the company from extending that leading position into other areas. It missed the mobile transition and now seems to be falling behind in artificial intelligence (AI).

The company even lost Apple as a customer for its Macs after Apple experienced several years of frustration with Intel's chip quality and the pace of its development. Apple also saw an opportunity to improve its battery life and switched to using Taiwan Semiconductor Manufacturing (TSMC) as its manufacturing partner because TSMC could make smaller chips.

Continue reading

Source Fool.com