Intel Foundry (Tesla & MediaTek Wins?), ASUSTek 2Q26 Guide (PCs / Servers), & More—Headline Review (Semis & IT Hardware)

研报英文原文证据摘录

Intel Foundry (Tesla & MediaTek Wins?), ASUSTek 2Q26 Guide (PCs / Servers), & More—Headline Review (Semis & IT Hardware)

Equity Research

Flash Comment — May 12, 2026

IT Hardware & Communications Networking

Semiconductors

Intel Foundry (Tesla & MediaTek Wins?),

ASUSTek 2Q26 Guide (PCs / Servers), & More

—Headline Review (Semis & IT Hardware)

Our Call Aaron Rakers, CFA

In an effort to try to keep pace with the rapid news flow across our Semiconductor & IT Equity Analyst | Wells Fargo Securities, LLC

Aaron.Rakers@wellsfargo.com | 314-875-2508

Hardware universe, we summarize a few of the key headlines we saw this morning:

Jake Wilhelm, CFA, CPA

Associate Equity Analyst | Wells Fargo Securities, LLC

Initial Thoughts Jake.Wilhelm@wellsfargo.com | 314-875-2502

Michael Tsvetanov, CFA

1. Positive Intel Foundry News Flow Continues - Tesla Now Shifting AI6.5 Chip to Intel Associate Equity Analyst | Wells Fargo Securities, LLC

Foundry (vs. TSMC); MediaTek Using Intel EMIB Michael.Tsvetanov@wellsfargo.com | 314-875-2558

Richard Strifler, CFA• Following yesterday's news that Apple and Intel had signed a prelim agreement for Associate Equity Analyst | Wells Fargo Securities, LLC

future M-series SoCs to be produced at Intel Foundry, late last night Wccftech (see Richard.Strifler@wellsfargo.com | 314-875-3234

here) reported that Tesla is moving production of its AI6.5 chips from TSMC to Intel

'under the pressure and insistence of The Trump Adm.'

• Separately, TrendForce this morning is reporting that MediaTek, according to

Commercial Times, is reportedly evaluating a dual packaging strategy with the use of

Intel's EMIB advanced packaging (in addition to TSMC's CoWoS and SoIC packaging).

The article reiterates our view that EMIB is being positioned as a strong competitor to