Intel could be even with TSMC in manufacturing by 2025: Citi
This outlook stems from a recent meeting with Intel, where Citi gained confidence in Intel's"five nodes in four years" strategy.
Citi also sees an advantage in Intel's approach of spreading innovations across different nodes, contrasting it with TSMC's strategy of cramming multiple advancements into a single node . This, according to Citi, might be delaying TSMC's progress at the 3nm level. Citi maintains a neutral rating on Intel with a price target of $35, which they acknowledge is above Intel's historical average but still below the broader semiconductor industry valuation.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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