Cadence, ARM to benefit from silicon shift, says Piper Jaffray

theflyonthewall.com

Piper Jaffray says Bloomberg's report yesterday that Apple (AAPL) is exploring ways to replace Intel (INTC) processors in its PC line is consistent with its checks over the past couple of years. Piper expects to see a shift away from merchant silicon to internally designed silicon, and believes Cadence Design (CDNS) and ARM Holdings (AMRH) will be primary beneficiaries. The firm thinks this trend is not positive for Intel.

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