Intel to profit from current semiconductor shortage

Intel Corporation (Nasdaq: INTC) has been closely monitoring the progress of Chinese giant Taiwan Semiconductor and plans to step up its activities to compete with this rival. The CEO, Pat Gelsinger, wants to lead the company to greater business success. So he's quite excited when he announces that there are around 100 companies waiting for their chips in the pipeline. In about a decade, the official projects will have taken a big step forward and will take second place among the big players in the market. Gelsinger continues to be on the lookout for the various opportunities that could advance the company, and he speaks of a great need for the chips he is developing. There are reports that many companies are in great demand for chips and Intel is trying to take advantage of this opportunity. Gelsinger said the company is currently working on creating the infrastructure necessary to support the manufacture of more chips. He explains that there have been bottlenecks in the industry and that they want to close the gap. He hopes that by balancing the supply chain and leveraging its cutting-edge technologies, the company will have a significant impact on the tech industry. The manager reveals that two of his biggest customers come from the burgeoning foundry business. Gelsinger reveals Intel's plan to manufacture chips for Amazon.com, Inc (NASDAQ: AMZN) and QUALCOMM, Inc (NASDAQ: QCOM). He refuses to provide details of the deal's valuation, which leaves interested parties in the dark. However, he talks quite extensively about the foundry business. The leader shares that it is valued at about $ 100 billion. According to unconfirmed reports, Intel plans to buy chip maker GlobalFoundries for around $ 30 billion. The company in question is one of the key players in the chips segment. Its success is one of the reasons Intel might consider an acquisition.