Intel INTC has been falling behind Moore’s Law, which states that the density of transistors in integrated circuits doubles roughly every 2 years. In laymen’s terms, this has come to mean that digital chips become twice as efficient and halve in cost every 24 months.

Intel co-founder Gordan Moore formulated this theory over a half-century ago, but his legacy enterprise has fallen behind the curve.

Intel announced in earnings last night that it would be pushing it 7nm chip release out to 2022 or 2023. By this time, TSMC TSM will have already begun its production of 3nm transistors. Intel is losing its innovative edge, and its controlling CPU market share is soon to follow.

Intel announced that it will require outside fabricators in a contingency plan to keep up with digital demand, and TSMC is the obvious choice for external manufacturing because of its scale and expertise.

INTC fell over 14% on the disappointing earnings news, while TSM surged over 12% with the anticipation of another massive client joining its ranks.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research