Intel Has Lost Ground to AMD and Nvidia and Apple Ditched Its Chips. Why Its Stock Can Rise Anyway.
Until now. This past week, Apple announced three new Macs that jettison Intel processors in favor of Apple’s own in-house designed chips. Apple touted the move as a sign of innovation. For Intel, it was symbolic of the company’s gradual decline. The company’s road map no longer leads the industry. In fact, industry insiders and analysts say its manufacturing process is at least two years behind Taiwan Semiconductor Manufacturing (TSM), the world’s largest maker of semiconductors. The company makes chips for many of Intel’s rivals, including Advanced Micro Devices (AMD) and ...