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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