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Intel's $23 Billion Raise May Signal Foundry Progress
This article first appeared on GuruFocus. The chipmaker Intel Corp. (INTC, Financials), seeking to restore its foundry division may be showing actual indications of improvement after raising $23 billion this week.GF Securities said the offering appears constructive on the back of rising yields, more client involvement and ongoing equipment investment.The firm forecasts Intel Foundry to be cash flow …