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Benzinga
Benzinga
Business
Henry Khederian

Intel (INTC) Stock Falls On Report Of Major Chip Strategy Shift

Intel Corporation INTC LipBu Tan
Intel

Intel Corp (NASDAQ:INTC) shares are trading lower Wednesday afternoon following a report that CEO Lip-Bu Tan is considering a strategic pivot away from marketing its costly 18A chipmaking process to external clients, per a Reuters report.

What To Know: The potential move comes as the semiconductor giant grapples with substantial financial losses and intense competition from industry leader Taiwan Semiconductor Manufacturing Company.

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