Intel's foundry push faces a critical test after a 45% October stock plunge
AIIntel's stock fell 45% in October, its steepest monthly drop on record, after the company warned that third-quarter revenue would fall $1 billion to $2 billion short of analyst estimates. CNBC reports that Intel still lacks a marquee outside customer for its advanced 18A chips, and says it is shifting some Oregon capacity from 18A to the older Intel 3 node to meet data center demand.
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CNBC · Technology · cnbc.comPublished · added here
Original title: Intel foundry push faces critical test after stock's 45% plunge in October