The article compares TSMC and Intel, noting Intel Foundry revenue of $5.8 billion, up 31% year over year, and Intel Products revenue of $15.1 billion, up 28%. TSMC's Q3 revenue totaled $46.7 billion, up 41%, while Intel's Q3 results were still pending, so on Q2 figures TSMC grew 34% to $40.2 billion, at a pace roughly in line with Intel but at a much larger scale. In Q2, Intel Foundry posted a 36% operating loss margin, compared with TSMC's 59% operating margin. Using 2027 earnings estimates, the article says Intel trades at 44 times future earnings versus 18 times for TSMC, and concludes that TSMC offers better value.
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