HSBC Raises Intel Price Target on Long-Term Foundry and AI Chip Potential

Intel has invested in a shift toward contract chipmaking in recent years, and the timely ramp-up of its advanced 18A process will be crucial to restoring the company to the forefront of global manufacturing competition. HSBC is bullish on demand for advanced packaging and high-end AI chips, saying Intel's related initiatives could support a long-term recovery in its operations and valuation.

As of July 20, 2026, HSBC's latest report raised its price target for Intel to $200, citing the foundry business's long-term potential and the outlook for volume production using the 18A process. Although U.S. semiconductor stocks have recently pulled back amid profit-taking, analysts still view the decline as a healthy correction.