Intel falls, Reuters reports CEO explores shift in chipmaking business

ReutersJul 2, 2025 2:44 PM

Chipmaker Intel's INTC.O shares fall 5.7% to $21.55

Co's new chief executive Lip-Bu Tan is exploring a big change to its contract manufacturing business to win major customers, according to an exclusive Reuters report

Co considering shifting foundry unit's focus to "14A" chipmaking process from a manufacturing process known as "18A" - report

Potential write-off for "18A" process could cost hundreds of millions of dollars

INTC board likely to weigh options in July meeting

As of last close, stock up ~14% this year

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