This Chip Stock Is a Dirt-Cheap Turnaround Play
There's no question that semiconductor giant Intel (NASDAQ: INTC) is struggling. The company has made misstep after misstep on the manufacturing side of its business, squandering its lead to third-party foundries and opening the door for rival AMD to catch up. AMD is now competitive everywhere – desktops, laptops, and servers.
But struggling sure is profitable for Intel. The company grew revenue by 8% in 2020 to $77.9 billion, and it produced record operating cash flow of $35.4 billion. A surge in demand for PCs and cloud servers during the pandemic lifted all boats, even if that boat had some leaks.
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Source Fool.com
