Intel Corp(NASDAQ:INTC) just gave its employees a much-anticipated update, but don't expect any earth-shattering surprises.

JPMorgan analyst Harlan Sur weighed in on the company's long-term outlook, and it's clear that Intel is in no rush. The chip giant is playing the long game, with external foundry revenues not expected to ramp up until – wait for it – 2027. That's a lot of time for investors to wait and hope.

Sur continues to rate Intel underweight with a price target of $26 by December 2025, a modest rise from its current $20.91. But for investors looking for...