Intel desperate to get 14A foundry customer, says Susquehanna's Chris Rolland

Core Viewpoint - Intel is actively seeking investments and partnerships, particularly with Apple, to bolster its manufacturing capabilities and secure a significant foundry customer base [1][2][3]. Group 1: Intel's Current Situation - Intel is experiencing a positive momentum, aided by a $20 billion investment from the Trump administration aimed at supporting U.S. manufacturing [2]. - The company is in need of a large foundry customer to ensure sustainable production, requiring millions of units and a long-term roadmap extending to 2030 [8]. Group 2: Potential Partnerships and Investments - Intel's approach to Apple may be seen as a strategic move, possibly linked to past tariff negotiations where Apple benefited from the removal of tariffs on iPhones [3]. - Other companies, such as Wolfspeed, may also seek investments to support their manufacturing ambitions, indicating a broader trend of capital infusion in the semiconductor sector [6]. Group 3: Market Dynamics - AMD is attempting to capture market share from Nvidia, but there are no expectations for direct investments from the U.S. Treasury into AMD at this time [4][5]. - The focus appears to be on manufacturing capabilities within the U.S., with potential investments in companies that align with this goal [5].