MKM Partners analyst Ruben Roy kept his Buy rating and $58 price target on Intel, saying he maintain a positive outlook on its shares in spite of the "increasingly volatile environment for semiconductor stocks". The analyst further notes that the bears are focused on the "increasing competition and tougher compares" going into 2019, but he sees the company benefiting from expanding total addressable market in data-centric end markets, leading Intel to higher multiples.

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The U.S. Department of Defense has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial, or RAMP-C, program, the company announced. "The award was announced through the National Security Technology Accelerator's consortium-based Strategic and Spectrum Missions Advanced Resilient Trusted Systems Other Transaction Authority program. The third phase of RAMP-C advances the tape-out and testing of early defense industrial base product prototypes, signifying a critical milestone for the program that highlights the readiness of Intel 18A process technology, intellectual property and ecosystem solutions for high-volume manufacturing. As part of the announcement, RAMP-C customers can begin manufacturing commercial and DIB product prototypes on Intel 18A process technology," Intel stated. Reference Link