Intel's October stock plunge puts its foundry push under pressure
Overview
Intel's stock fell 45% in October, its steepest monthly drop on record, after the company warned that third-quarter revenue would come in $1 billion to $2 billion below analyst estimates.
CNBC reports that Intel still has no marquee outside customer for its advanced 18A chips.
CNBC also reports that Intel is shifting some Oregon capacity from 18A to its older Intel 3 node to meet data center demand.
Written by AI from the articles below · updated Nov 2, 3:49 PM ET
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- CNBC · TechnologyNewsIntel'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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