No ‘quick fix’ for Intel: Portfolio manager

From the creator

Eric Jackson, the founder and president of EMJ Capital, joins Yahoo Finance’s Executive Editor Brian Sozzi and Catalyst hosts Seana Smith and Madison Mills to take a look at the challenges facing Intel (INTC) and where the legacy chipmaker goes from here. “I don't see a quick fix here. I don't see a lever to pull, whether it's taking money from Apollo, separating the company into two businesses.” Apollo Global Management (APO), which is Yahoo's parent company, has reportedly offered a multibillion-dollar investment in the legacy chipmaker. There have also been reports that the company is considering splitting into two to separate its foundry segment from the rest of its business. “All of these roads I see leading to basically a ten-year slog in trying to turn this company around to fix the cultural issues. And unfortunately, that's just I don't see any faster way for Intel,” Jackson explains. “The biggest thing that they have going for them is that the United States and the Western world need this Intel and their foundry business to succeed. It has to succeed, whether it's independently or it's part of Qualcomm (QCOM) or somebody else. But there has to be a protection against the possibility that [Taiwan Semiconductor Manufacturing Company (TSM)] gets sort of taken out if China was to invade Taiwan.” Qualcomm has reportedly approached Intel to discuss a takeover. The deal would be subject to regulatory approval concerning antitrust issues, though Jackson says this aspect isn’

Published 2024-09-25 · Watch on YouTube ↗
Availability and playback restrictions are controlled by the original channel.