Intel shares fall as it lays out chip-production road map to 2025.
Intel Corp. shares declined steadily in the extended session Monday, handing back daily gains, after the chip maker revealed its 'road map' and repackaging...
Intel INTC, +2.47% shares dropped more the 3% in after-hours trading as the company’s conference call progressed, and were down 2.5% by the end of the call, following a 2.5% rise to close the regular session at $54.31. In comparison, the Dow Jones Industrial Average DJIA, +0.24% — which counts Intel as a component — rose 0.2% on Monday.
Intel said it is changing how it refers to its semiconductors, breaking with the convention used since 1997 of using nanometers, or “nm,” to denote the size of each transistor that goes on a computer chip, with the general rule being that smaller transistors are faster and more efficient in using power. Intel delayed release of its 7-nm chip out to late 2022 last year, after smaller rival Advanced Micro Devices Inc. AMD, -0.36% started rolling out its 7-nm chip in the summer of 2019.
“Building on Intel’s unquestioned leadership in advanced packaging, we are accelerating our innovation road map to ensure we are on a clear path to process performance leadership by 2025,” Pat Gelsinger, Intel’s chief executive, said on the call.Intel said it would start producing its “Intel 7” chip in the first quarter of 2022, with the “Intel 4” scheduled for production in the second half of 2022, and the “Intel 3” being produced in the second half of 2023. headtopics.com
From there, Intel plans the “Intel 20A” and “Intel 18A” chips for early 2025, where the “A” refers to angstrom, which is a tenth of a nanometer. Intel said it has partnered with Qualcomm Inc. QCOM, -0.95% on 20A with mobile products in mind. Read more: MarketWatch »
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Opinion: Intel wants to buy AMD’s old chip-making business? How weird are semiconductor mergers going to get?OPINION: Amid an unprecedented global chip shortage, the wacky world of semiconductor mergers could be headed completely through the looking glass, writes tpoletti. tpoletti horrible tpoletti Still pushing chip shortage….. we all know they create the shortage to justify price…. Just like oil Intel plans to get into the foundry business. GlobalFoundries Inc has been in that business for a long time. They could teach Intel a lot about Foundry operations. Furthermore, they would presumably bring considerable financial goodwill to Intel's Foundry business.
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