$Intel(INTC)$ The direction of the current administration is to favor US lead cutting edge technology, INTC perfectly fits in this environment; however, it has to earn it. Its 18A foundry process is a good starting point if it is successful and all signs showing it is. Under Tan’ leadership, we have a decent chance. If not it will be broken up and sold, even the worst case the loss is limited, 25% from this level max. On the other hand which seems more likely to be the case, 3 to 5 folds from this level within 3 years is considered conservative.

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