Intel up after finance chief's comments on new manufacturing tech

Intel's INTC.O shares rise 6.6% to $45.95 in afternoon trading

Finance chief David Zinsner says CEO Lip-Bu Tan is now starting to recognize its 18A manufacturing technology as a potential offering for external clients

This could mark a reversal from Tan's turnaround strategy set out last year, when he said he believes the 18A manufacturing process could generate a reasonable return only if it is used for INTC's own products

While Tan was thinking that INTC probably should focus on 14A as a foundry node and make 18A really just an internal node, I think he's now starting to recognize that this is actually a good node to offer to external customers as well," Zinsner said at the Morgan Stanley Technology, Media and Telecom conference

INTC has risen over 16% this year, as of last close