Following press reports stating that Apple (AAPL) is looking to work with foundries not owned by Samsung, RBC Capital believes that Intel (INTC) is in contention to become a foundry partner for Apple. The firm believes that total foundry revenue from Apple in 2013 will be about $2B, and it maintains a Sector Perform rating on Intel.
Stocks were falling amid investor concerns the U.S. Federal Reserve may begin to taper its stimulus measures and …