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Orders$Intel(INTC.US) Intel's narrative is not just about CPUs, but also its own fabs and third-party foundry business. The people poached from TSM have been continuously improving the yield of the new process. Geopolitics, supply chain security, national security. The US itself is not comfortable with TSM, so boosting Intel is a highly certain event. The Q1 earnings falling short of expectations does not affect the future narrative.
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