NEW YORK (TheStreet) -- Shares of Intel Corp. (INTC) are up 1.24% to $33. as the company provided details of its latest advance in manufacturing technology, a milestone that arrived after a delay of more than six months due to technical problems, the Wall Street Journal reports.
The first chip based on the new production process, called the Intel Core M and based on a design called Broadwell, will be targeted at tablets and other devices that operate without a cooling fan but are as thin as nine millimeters or less.
Intel said the first devices based on the new chip will be on store shelves for the holiday selling season, with more devices from a range of manufacturers available in the first half of 2015.
TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."