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With the recent news of Elon Musk's groundbreaking Terafab project, Intel (INTC) is starting to look like an even more exciting long-term investment play. Years of skepticism around Intel's manufacturing initiatives have suddenly changed with Wedbush's latest report pointing out the massive upside potential if a strategic manufacturing deal actually gets finalized involving Intel's 14A process ramp.
Scale is critical. As seen in the filings, the Terafab initiative will reportedly require an initial $55 billion investment and might grow into a total project costing upwards of $119 billion over time. Wedbush recently singled out companies benefiting from the project in light of the enormous equipment intensity involved with cutting-edge semiconductor production.
