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Intel's Foundry Ambitions Falter After Stock Crash | Markets & Money News
Intel's stock dropped 45% in October, the steepest decline since the 1970s, putting pressure on its foundry business. Despite years of investment to expand foundry operations, Intel struggles to secure major customers and primarily produces chips for itself. With projected revenue shortfalls and a struggling PC market, CEO Lip-Bu Tan announced a shift in Oregon’s factory capacity to produce older chips. These developments highlight the critical challenges Intel faces in the coming months as it
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