Intel: Intel Targets Nvidia, Broadcom With Renewed Chip Design And Foundry Push, Says UBS

Intel Corp. (NASDAQ:INTC) is reportedly strategizing to rejuvenate its chip design and broaden its foundry business, with the potential of securing significant clients such as Nvidia Corp. (NASDAQ:NVDA) and Broadcom Inc. (NASDAQ:AVGO).What Happened: UBS analyst Timothy Arcuri believes Intel's new CEO, Lip-Bu Tan, will prioritize the company's design and foundry capabilities in the immediate plan. Arcuri further stated that Intel is on the verge of securing commitments from Nvidia or Broadcom to utilize its foundry services, while also progressing its 18A manufacturing process, reported Seeking Alpha.Arcuri stated that Nvidia seems more likely than Broadcom to adopt Intel's foundry technology, possibly for gaming applications, though power consumption remains a significant concern.Intel is also said to be planning to compete more aggressively with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) enhancing its packaging innovations. The company's partnership with United Microelectronics Corp. (NYSE:UMC) is progressing well, with production expected to start in late 2026. This could ...Full story available on Benzinga.com