Intel or TSMC? Which Deserves Your Investment Dollar?

choi

Technology Investing [this is the name of the writer, column], Intel Or TSMC? Which Deserves Your Investment Dollar?  Seeking Alpha, Mar 19, 2015.
seekingalpha.com/article/3013756-intel-or-tsmc-which-deserves-your-investment-dollar

Note:
(a) "Intel is losing badly in the growing mobile market, while TSMC expansion with it, will allow a larger Capex than Intel in 2015."

It will be clearer if the writer has "TSMC's expansion with it," as the subject of the clause.
(b) "Interestingly, these opposing trajectories currently leave the market cap of both companies similar, $146 Billion for Intel, $128 Billion for TSMC, as of this writing. The P/E favors Intel slightly at 13.35 compared to 17.8 for TSMC. Where Intel still enjoys a very favorable edge is Price/Sales, which is 2.8 for Intel, and 5.9 for TSMC."
(i) P/E = price / earning
(ii) Intel's sale (or revenue) is much higher thanTSMC's. That accounts for sharply different Price/Sale ratio, which is rarely used.
(c) "Of course Intel's use of TSMC for the initial SoFIA products contradicts this."

Alosius Low, Meet Intel's SoFIA, the Super-Cheap Smartphone Chip Created in Singapore. CNet, July 29, 2014
www.cnet.com/news/meet-intels-so ... eated-in-singapore/
("Announced last December, SoFIA is a new mobile chip that's set to debut at the end of this year. * * * Interestingly, SoFIA isn't made at the company's own foundries. Instead, Intel will have Taiwanese foundry TSMC making the initial wafers to "speed time to market." The company has plans to bring manufacturing back in-house in the future")

Intel on Mar 2, 2015--at Barcelona, Spain ahead of Mobile World Congress (to be held there, annually since 1987)--the debut of Atom X3 SoFIA.