Apple Could Make Intel Wait and 2 Chip Stocks To Note Now
Intel (NASDAQ:INTC): The company probably will not see any portion of Apple’s (NASDAQ:AAPL) mobile chip-making business for at least two more years, according to Piper Jaffray analyst Gus Richard. Richard also stated that the chipmaker probably would not see its products as iPhone or iPad components until 2015. “We believe Apple could add roughly between $5 billion to $6 billion per year in revenue for Intel, but is unlikely to be a foundry customer this year or next,” Richard claimed via a research note, according to CNET. Apple’s self-designed mobile processors are currently manufactured by its smartphone rival Samsung (SSNLF.PK), and it is rumored to be seeking a new partner due to the complexity of the relationship. Intel could be one of the manufacturers in the running, with Taiwan Semiconductor Manufacturing Company (NYSE:TSM) also being a strong possibility.