@CompassInvStrat @stonkmetal Well you shouldn’t because positive NWC impacts from high quality businesses (subscriptions for example) are a very attractive feature
@stonkmetal@HeraldHudson They increasingly need newer equipment as there is no more older equipment to be bought. In fact, lagging edge is what’s driving new equipment sales (excl. EUV) at the minute
@stonkmetal@tk_financial Fair. Intel is in fact an IDM. Pure play digital companies have very low capital intensity as they ALL outsource fabrication to foundries. Comparing TXN to INTC is irrelevant in my opinion. Best to compare TXN to peers ADI, NXP, IFX which also have lower capital intensity. ADI 👌🏼
@stonkmetal You’re comparing two very different businesses. Analog vs Foundry. Why not comparing to AMD or NVDA then? TXN more capital intensive than direct peer ADI