Intel's (INTC +1.4%) foundry business could account for 6% of its sales
Intel's (INTC +1.4%) foundry business could account for 6% of its sales and boost EPS by $0.12 in 2017, estimates JPMorgan with the help of some back-of-the-envelope math. The firm thinks Cisco (previous) and Brocade will be the next companies to be named as clients, and considers Apple a real possibility. Separately, Intel and ZTE (ZTCOY.PK) announce ZTE will use Intel's Z2580 (Clover Trail+) mobile processors. ZTE already makes use of the original Clover Trail. (Intel/Altera).