If you’ve been following me for any amount of time, you know that I’m a big fan of Intel. I won’t get into all the reasons here, but I think that purchasing shares at $18-$19 and over a 3% yield was a great buy, and I’m expecting big things in the next few years. The major concern of bearish investors was their lack of presence in the mobile/non pc market, but with today’s announcement, that may no longer be an issue.
According to a press release put out today, Intel announced a major breakthrough in processor technology – the world’s first 3-D transistor, aptly named Tri-Gate.
If, like me, you first assumed this meant 3-D images through a computer, then you’re wrong. I’m no computer scientist, but the general idea is that chips were limited by the physical space they could occupy. Just like a skyscraper in a city, building up allows for more power, less energy usage, and smaller space requirements.
This new chip, nicknamed “Ivy Bridge” is said to have 37% more power with less energy usage, meaning they would be ideal for small, mobile devices, as well as high performance needs, like automobiles and planes.
Could this be the product that scares the bears away? Will we see this new processor in the hottest new phones, tablets, and everywhere in between? It’s pretty early to say, but if they technology lives up to this hype, I’m feeling even better about owning INTC.
What do you think about Intel’s chance with this new technology? Just in general? Are you buying at $23? I’d like to hear what you all have to say.