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Intel Corporation Message Board

  • stok1mom stok1mom Jan 22, 2013 1:28 PM Flag

    New Ivy Bridge Processors will be huge for Intel

    Wells Fargo’s David Wong today reiterates an Outperform rating on shares of Intel (INTC) and a $28 to $33 “valuation range,” writing that the company’s announcement of 17 new microprocessors using dual-core “Ivy Bridge” architecture shows the company’s chip leadership.

    Pointing to the latest Intel processor price list, Wong notes that the update “includes a price decrease in one processor as well as the release of 17 other new dual-core Ivy Bridge processors across Intel’s Core, Pentium and Celeron product lines.” He adds that the update ” marks the introduction of Intel’s first Ivy Bridge based Celeron processors; both in the mobile and desktop spaces.”

    Wong sees the benefits of process technology spreading through the Intel microprocessor line this year, including low-power “Atom” chips for mobile devices:

    We think that this latest round of processor releases highlights Intel’s ability to leverage its technology leadership through its entire processor product line. No other chip company is able to manufacture logic chips on 22nm technology 3D transistor today. Some memory chips are manufactured on comparable linewidths but no other chip company has the capability to make 3D transistors today. Intel has now pushed the advantages of 22nm manufacturing into its Celeron value line. By the end of this year, we expect to see the first 22nm Atom processors […] As the March quarter progresses, we expect Intel to leverage 22nm technology to build out its Ivy Bridge Ultra-low voltage family (13W TDP, 7W SDP), which we think have interesting applications in tablets.

    Sentiment: Strong Buy

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