Intel Corp (INTC)

[fastpathguru]

TSMC spends almost all of its cash flow for CAPEX, Intel less than half of it. Who has more room to breathe when things get ugly?

What would Intel cut that TSMC doesn't spend money on?

R&D?

Contra-rev?

MG&A?

Any of these can be considered "eating their children to survive."

And oh by the way... Intel is cutting capex and TSMC is increasing it....

So who is already using their "breathing room"?

fpg