Locator: 44804INV.
Unfortunately behind a paywall. My hunch: this article will show up later this week as a reprint elsewhere ... with no paywall. Hopefully.
Huge CAPEX at a time the Fed is raising rates.
This is the fifth or sixth paragraph but is probably the essence of the article:
Gelsinger’s plan is to invest as much as hundreds of billions of dollars into new factories that would make semiconductors for other companies alongside Intel’s own chips. Two years in, that contract-manufacturing operation, called a “foundry” business, is bogged down with problems.
"Hundreds of billions of dollars."
Does "hundreds of billions" trend toward a trillion?
The following have huge moats: TSM, NVDA, AVGO, QCOM, AAPL, AMD, ASML. Good luck.
