ChipsCNBC Techabout 2 hours ago
Intel Stock Plunges 45% Amid Foundry Struggles
5 min read
Intel stock dropped 45% in October, its steepest monthly decline on record, after the company warned revenue will miss estimates by $1 billion to $2 billion due to a weak PC market. CEO Lip-Bu Tan shifted Oregon capacity to older nodes, delaying advanced 18A chips for foundry customers, while data center revenue grew 78% to $7.3 billion.
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