$Intel(INTC)$ Pretty sure this is a reaction because of Pats foundry plan. You’re thinking backwards. You presume that Pat planned for china to specifically cut intel out, how silly. In reality China is now reacting to Pats silly plan. Unfortunately for you, TSM is the world’s largest foundry putting China in control. If pat pushes foundries in America China will shut out Intel and any of their business partners. AMD and NVIDIA aren’t going to take approximate revenue cuts of 20 percent to conduct business with Intel. One wrong move and every chip stock will plummet. America and its counterpart China will not sacrifice its chip market over some silly policy’s. China has Intel in check buddy! Get off your high horse. That’s 5 haircut in database revenue, a possible 25 percent revenue cut all around and a stalled out chip market. Pat didn’t plan ahead. He took a shot at the Semiconductor kingpin and is getting shut down.
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