Intel Corp (INTC)

[wbmw]

And yet TSMC net margin is higher than Intel's

Which means what? That Intel has higher fixed costs associated with developing SOC's that serve 100s of millions of PC devices? Yeah, go figure.

A better metric might be cash flow, and to a greater extent, where that cash flow goes towards. I don't suppose TSMC is putting cash back into dividends and stock buyback like Intel is? Yeah, didn't think so. And TSMC's CapEx as a percentage of net margin? Think about that one a little more, too.