$Intel (INTC.US)$
2. Potential Valuation Under TSMC or Broadcom
Scenario A: Intel Foundry Spin-Off & Partnership (TSMC + Broadcom Investment)
• If Intel Foundry Services (IFS) is spun off and operated under a TSMC partnership, while Broadcom helps monetize chip design IP, it could unlock value.
• Intel’s Design Business (Core CPU, AI, Networking, etc.) could be valued at 2-3x revenue (~$80-120B).
• IFS under TSMC’s efficiency could be valued at 1.5-2x revenue (~$30...