Each of these chipmakers has a bright future

Article Excerpt

Intel’s shares recently fell 10% on concerns big investments in new plants will depress its earnings. On the other hand Texas Instruments is hitting new highs. Regardless of any short-term rise or fall, we still like both these quality stocks. Each offers you long-term gains and steady income. INTEL CORP. $48 remains a buy. The computer chip maker (Nasdaq symbol INTC; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 4.1 billion; Market cap: $196.8 billion; Dividend yield: 2.9%; Dividend Sustainability Rating: Above Average; www.intel.com) is the world’s leading manufacturer of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres. Intel raised its quarterly dividend by 5.3% with the March 2021 payment. Investors now receive $0.3475 a share instead of $0.33. The new annual rate of $1.39 yields 2.9%. The company has paid dividends continuously since 1992. Revenue in the third quarter of 2021 rose 4.7%, to $19.2 billion from $18.3 billion a year earlier. Stronger demand for…