Intel drops 9% as chipmaker's foundry business axes projects, struggles to find customers

cnbc.com/2025/07/25/intel-drops-9percent-as-ceo-warns-of-chip-manufacturing-issues.html

Intel's stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.
Concerns about where that leaves Intel's chip manufacturing business overshadowed a better-than-expected earnings report late Thursday. Intel beat…

This story appeared on cnbc.com, 2025-07-25 16:09:06.
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