Intel foundry push faces critical test after stock's 45% plunge in October

Source: press CNBC•

Intel foundry push faces critical test after stock's 45% plunge in October

Intel Corp. CEO Lip-Bu Tan attends the company's event in Tokyo, Japan, Oct. 7, 2026. As Intel comes off its steepest stock drop since the 1970s due to a worsening outlook for the PC market, the chipmaker is facing intensifying pressure to get its flailing foundry business off the ground.

Intel Corp. CEO Lip-Bu Tan attends the company's event in Tokyo, Japan, Oct. 7, 2026.

As Intel comes off its steepest stock drop since the 1970s due to a worsening outlook for the PC market, the chipmaker is facing intensifying pressure to get its flailing foundry business off the ground.

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