Why Intel's Foundry Troubles Are TSMC's Gains

Taiwan Semiconductor Manufacturing stock looks set to benefit from Intel's troubles.Intel's (INTC -0.47%) foundry business recently suffered a major setback after it was revealed that chipmaker Broadcom determined that Intel's newest chip manufacturing process, called 18A, could not execute large-scale production of its chips at the quality standards that Broadcom required. Intel launched its foundry business, which manufactures chips for third parties, in 2021. While this is disappointing news for Intel, i ...