Forget Intel, Buy These 2 Semiconductor Stocks Instead
Intel's (NASDAQ: INTC) stock recently slumped after the chipmaker posted its first-quarter earnings report. Its revenue and earnings surpassed Wall Street's conservative estimates, but its guidance indicated its slowdown would continue as it grappled with its chip shortage and R&D issues.
Intel's manufacturing plans, which include investments in new plants and the launch of a new foundry unit for third-party chipmakers, also defied calls for the company to become a fabless chipmaker like Advanced Micro Devices (NASDAQ: AMD).
Intel also postponed the launch of its long-delayed 7nm chips to 2023, which indicates it will fall further behind Taiwan Semiconductor Manufacturing (NYSE: TSM) and Samsung in the "process race" to manufacture smaller and more advanced chips. Intel will also reportedly rely on TSMC's plants to produce those 7nm CPUs.
Source Fool.com
