$Intel(INTC)$ Intel began to f

Intel began to fall behind TSMC $Taiwan Semiconductor Manufacturing(TSM)$ because it would not give up the vertical integration of both designing and manufacturing computer chips. The clincher was TSMC embracing extreme ultraviolet lithography (EUV) systems from supplier ASML $ASML Holding NV(ASML)$ , which have been the key technology for recent advancements in semiconductors.

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