$Intel(INTC)$  MediaTek isn't the only big name shifting toward Intel. Google, Amazon, Cisco, SpaceX, and Tesla are all confirmed to be adopting Intel's EMIB technology — Google for its 9th-gen TPU, specifically.

That kind of adoption makes the bear case around Intel Foundry Services hard to take seriously. Some of the largest fabless chip designers in the world are already integrating Intel's advanced packaging into their long-term roadmaps. The underlying tech is clearly capable and necessary for scale.

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