Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 18, 2022

Article Excerpt

INTEL CORP., $45.04, Nasdaq symbol INTC, remains a buy for long-term gains. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres. Intel announced a new strategic plan in 2021, which mainly involves improving its technical expertise and expanding its ability to make chips for other companies. As part of that strategy, the company is now buying Tower Semiconductor Ltd. (Nasdaq symbol TSEM). Based in Israel, Tower makes a variety of analog chips, which convert touch, sound and pressure into the electronic signals that computers can understand. It sells those products to manufacturers of a wide variety of products, such as household appliances, cars, airplanes and medical equipment. Intel will pay $5.4 billion for Tower when it completes the purchase in early 2023. The company is also spending $100 billion on new chipmaking plants in Ohio and Arizona. To put these costs in context, Intel’s market cap (the total…