With the most sell ratings in the Nasdaq 100 Stock Index, Intel is running ever lower on fans.
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Two East Asian companies have built more robust businesses and their scale now threatens to bury the competition.
Intel has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year.
Intel slid in late trading in the US after giving a dire forecast, hurt by sinking demand from PC customers.
Taiwan’s TSMC reported quarterly profit that exceeded analysts’ estimates, even as the chip industry braces for a potential recession.
Tencent’s performance reflects optimism that China’s economic growth can find its way back to where it was before lockdowns.
Taiwan’s TSMC began mass production of its most advanced chips in southern Taiwan this week.
The salad days may be over, but a period of true advancement is now baked into the future of technology.
Taiwanese President Tsai Ing-wen said moves by the island’s most valuable chip maker to build factories overseas is a sign of its power abroad.
US President Joe Biden lauded TSMC’s investment in US chip-making facilities a “game changer”. It is no such thing.