Intel (INTC) is considering writing off its 18A and 18A-P manufacturing processes and stopping their marketing, focusing instead on 14A to compete with TSMC (TSM), Reuters’ Max A. Cherney, Jeffrey Dastin, and Stephen Nellis report, citing two people familiar with the matter. The potential write-off for the 18A process could cost hundreds of millions of dollars, according to the report, which adds that Intel’s board is expected to weigh its options in a meeting this month.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel Stock (NASDAQ:INTC) Plunges; is 18A Dead Already?
- Weak Fundamentals Facilitate Shrewd Options Trade on Intel Stock (INTC)
- Quantum Leap: Cantor rolls out coverage, picks favored quantum names
- Tesla reports Q2 deliveries, Centene withdraws guidance: Morning Buzz
- Trump’s 35% Chip Tax Credit Sparks New Rally for Intel, Micron, and TSMC