This referred to Intel saying earlier this week that it planned to start offering foundry services, while also producing some of its own chips and outsourcing others.
Intel will be competing with Taiwan Semiconductor Manufacturing's foundry business (TSM) - Get Report while also outsourcing some of its own products to the company.
That could make Intel "persona non grata" at TSMC, according to Northland analyst Gus Richard.
Intel’s "commitment to reentry into the foundry market and maintain leading-edge manufacturing capacity makes it a low priority at TSMC," Richard said, according to Dow Jones.
The company said strong notebook demand is driving the updated forecast.
On Jan. 21 the company offered first-quarter guidance for GAAP revenue of $18.6 billion and earnings per share of $1.03.
It offered first-quarter guidance for non-GAAP revenue of $17.5 billion and EPS of $1.10.
Advanced Micro Devices shares at last check were down 0.4% at $76.21 while Intel shares were down 0.5% at $61.71.