Subject: Re: INTC
Two years and a quarter after the original post, even after the pop over the last two months driven by USG and NVDA investment, INTC is still below the $34 share price I wrote about. But it’s the first serious sign that the thesis of a critical need for a US owned and based semiconductor company is playing out. INTC is the most credible option for that and there should be much further upside to the stock if business is directed to their foundry. The most challenging risk (customer willingness to sign on)now seems substantially mitigated. Technical risk on whether they can deliver chips needed to compete remains. But it feels like a much better time to take another look at INTC.