This story was originally published here.
It’s good to be a semiconductor company. Even in the middle of a pandemic.
As I write this, chip stocks are marching higher on the heels of Analog Devices Inc.’s (Nasdaq: ADI) $21 billion takeover of rival Maxim Integrated Products Inc. (Nasdaq: MXIM). It’s the largest deal announced so far this year.
Just a few months ago, the impact of the pandemic was throwing consumer and industrial end markets into question.
Now this deal shows confidence that key chip markets, such as 5G and automotive, are resuming their upswing.
But not all chip stocks are in on this rally. Year-to-date returns range from -24% to +78% among holdings in the VanEck Vectors Semiconductor ETF (Nasdaq: SMH).
And one of the laggards is industry bellwether Intel Corp. (Nasdaq: INTC).
But it’s no surprise why. Apple Inc. (Nasdaq: AAPL) recently announced that Mac computers would transition away from Intel chips.
Then the company was dethroned by NVIDIA Corp. (Nasdaq: NVDA) as the most valuable chipmaker in the U.S. by market capitalization.
And earlier this year, one of its biggest rivals, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) announced plans to build an advanced facility in the U.S. — Intel’s home turf.
But there’s more to this story. In fact, Intel stands to emerge stronger than ever from this pandemic thanks to a seismic change that’s about to shake up this industry…
Editor's Note: Click here to keep reading, but first…
The No. 1 Tech Stock of 2020 Just Tripped a Rare “BUY” Signal
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Sincerely,
Jessica Cohn
Editorial Director, Banyan Hill Publishing
