(Bloomberg) — Intel Corp. shares slumped after warning about another production delay, sparking concern the world’s largest chipmaker will fall further behind rivals in a crucial area it once dominated.At issue is a new method for cranking out smaller, more powerful chips, the timing of which “is shifting approximately six months relative to prior expectations,” the company said as it reported quarterly results on Thursday.Intel shares fell 10% in extended trading. Advanced Micro Devices Inc., a rival, jumped 7%.Intel’s first 7-nanometer chips will go on sale at the end of 2022 or early 2023, Chief Executive Officer Bob Swan said …read more
Source:: Yahoo Finance
