Intel Corp (INTC)

[mas]

Foundry margins are usually in the 40-45% range. Of course in the 14nm follow-on variant Intel won't have to pay this as it will be the foundry and three years of laptop/desktop/server products would have already paid for the 14nm process . The Surface Phone will also be interesting if it is going be a full-on Windows 10 device, unique game-changer in fact for the Wintel ecosystem if all that legacy software capability finally appears in a phone format.