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

Investment & Partnerships - Intel is reportedly in talks with Apple for a potential investment, which could be a form of payback for the removal of iPhone tariffs [1][2][3] - The US government, under the Trump administration, has shown support for Intel with a $20 billion investment [2] - Intel needs a bonafide large foundry customer with millions of units and a roadmap extending through 2030 [8] Manufacturing & Capacity - The focus of US investment is on bringing manufacturing back to the United States, favoring companies with manufacturing sites [5] - Wolfspeed may need funding to support its silicon carbide ambitions [6] - Texas Instruments (TI) could be a potential investment target, although they may be reluctant [5] Market Dynamics & Competition - AMD is trying to take market share from Nvidia, highlighting the importance of having multiple producers of this technology [4] - Intel is seeking a 14A foundry customer, potentially linked to the investment [3]