Honestly Intel's profits are so low, they are literally trading at a 89P/E and that's after the government helped them so much through the CHIPS act…
Meanwhile TSMC manufactures all the cutting edge chips – be it Nvidia's GPUs, or even Apple's M1/M2, and still trades at an incredible P/E 11.9. Apart from invasion risks from China, TSMC seems like an incredible business, meanwhile this all-american chip manufacturer is failing hard at pretty much everything.
I just don't get it. After Apple cut the contract with intel, everything went so downhill for them, seems like theres no bottom….
