Intel has experienced a massive turnaround in sentiment over the past couple of weeks, first spurred by the Trump administration’s purported exhortations to TSMC to get involved in Intel’s struggling foundry division either via a technology transfer or by establishing an operational joint venture. More recently, the stock has received another boost, courtesy of the appointment of Lip-Bu Tan as the CEO of Intel. Now, Bank of America’s Vivek Arya is out with his take on this development, adopting an overwhelmingly positive attitude towards Lip-Bu Tan’s appointment at the helm of Intel. To wit, Arya has now hiked his target […]
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