Intel’s CEO Resets Roadmap With Fresh Play for Nvidia and Broadcom

Intel (NASDAQ:INTC) could shift its immediate strategy toward revitalizing its chip design focus and expanding its foundry business by securing key clients like Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO), according to UBS.

In a note to investors, UBS analyst Timothy Arcuri wrote that the near-term plan under new CEO Lip-Bu Tan is likely to highlight Intel’s design and foundry capabilities. Arcuri added that Intel is working to finalize commitments from Nvidia or Broadcom to use…