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  • chumpanid61 chumpanid61 Nov 1, 2012 12:43 PM Flag

    Tapeout of 14-nm FinFET test-chip

    Piper Jaffray says it heard from several contacts that Intel (INTC) is working on a direct to OEM foundry partnership with Cisco (CSCO) to supply custom silicon. Piper does not expect near-term revenue from the deal, but views it as a $1B opportunity and a step in the right direction for Intel. Piper adds that this would be Intel’s first direct to OEM foundry deal. The firm keeps a Neutral rating on shares of Intel with a $22 price target.

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