Intel's Comeback Is on Track Despite Massive Foundry Losses

Don't pay much attention to the $7 billion annual loss for the foundry segment.There are multiple components to Intel's (INTC 1.77%) turnaround story, but at the center is the company's aggressive and costly push to rival Taiwan Semiconductor Manufacturing in the semiconductor foundry market. Intel gave up its once-untouchable manufacturing edge through chronic delays and missteps, enabling TSMC to pull ahead and TSMC customers like AMD to sell chips that beat Intel on performance and efficiency.The process ...