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Intel stock dips as new chip designation, production schedule revealed

Intel shares fall as it lays out chip-production road map to 2025.

7/27/2021 2:07:00 AM

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.

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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.

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 »

Gavin Newsom holds onto his job as California governor, CNN projects

California's Democratic Gov. Gavin Newsom has defeated the effort to remove him from office, according to a projection from the CNN Decision Desk, capping off a recall effort that was born in partisan anger over his pandemic response but ended with a vote of confidence in his strategy to combat it.

Dozens of billionaires hundreds of millionaires and millions of politicians globally have opted not to get the vaccine. thanks

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.

Global chip shortage to hit smartphone market nextVarious industries dependent on semiconductors have faced supply disruptions as chip makers have cut back production in the wake of pandemic. Blackophobia Asianophobia Islamophobia Semitism-ophobia Latinophobia, whats next Whiteophobia? Or Digitalophobia? SmithZodek more silicon?

Goldman says it's time to buy the dip in stocks that have been hurt by the pandemicNew for subscribers: Goldman says it's time to buy the dip in stocks that have been hurt by the pandemic. Check out CNBCPro today. Pro Pro WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Pro Michael Burry Warns Retail Traders About the 'Mother of All Crashes'

The Official, In-Person New York Fashion Week Schedule for September Is HereOn Monday, the CFDA and IMG released the full Spring 2022 lineup. 😍😍 Just in time for my Birthday Thanks

Dog gets reveal party from newly-adopted pet parentsThe reveal party showed the joyous moment pooch Rocket was introduced to his new family. Dear lord

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