NEW YORK (TheStreet) -- Shares of Intel (INTC) - Get Report were up in mid-afternoon trading on Tuesday despite Citi saying the company is a year behind chipmaker Taiwan Semiconductor Manufacturing (TSM) in its foundry techniques, Barron's reports.

Intel, a Santa Clara, CA-based digital technology company, announced in August that it would partner with ARM Holdings (ARMH) to provide foundry services to chip designers. The move allows Intel to expand its market beyond its own designs.

But Citi said in a note earlier today that "it is premature for Intel to become a meaningful player to challenge Taiwan Semiconductor Manufacturing in the foundry business," Barron's notes.

Taiwan Semiconductor's technology, advanced RISC machines (ARM) process capability, foundry capacity, cost structure, production flexibility, balance sheet and valuation are "well secured" against Intel, the firm added.

"While Intel is better in microprocessor technology and manufacturing, its foundry manufacturing lags its microprocessor technology by at least two years," Citi said.

The firm doesn't expect Intel to become an imminent threat in the foundry segment "anytime soon," Barron's reports.

Shares of Taiwan Semiconductors were advancing in mid-afternoon trading on Tuesday.

Separately, TheStreet Ratings objectively rated Intel stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: INTC

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