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Fly News Breaks for January 27, 2020
INTC
Jan 27, 2020 | 07:23 EDT
Northland analyst Gus Richard downgraded Intel to Market Perform from Outperform with a $70 price target. In a research note to investors, Richard says that while he sees a number of potential positive and negative catalysts for Intel shares, he does not know which will come first. The analyst expects Intel to fix or jettison underperforming product lines, but sees a number of headwinds in the second half of 2020 that may even start to impact Intel as soon as Q2. Richard also identifies structural issues Intel is facing, including its design flow, which he says has been broken for a very long time, as well as manufacturing.
News For INTC From the Last 2 Days
INTC
Apr 22, 2024 | 12:15 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
INTC
Apr 22, 2024 | 11:17 EDT
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