Intel stock

26 Jul: Intel stock falls more than 16% on July 24, 2020, on manufacturing issues

Intel stock news On Friday, July 24, 2020 shares of Intel Corporation (INTC) closed more than 16% lower at 50.59-9.81 (-16.24%). Intel stock had a weekly performance of -15.68% for the week ending on July 24, 2020, and is down -15.47% on a year-to-date basis. Why Intel stock fell 16% “An old saying in the semiconductor industry, attributed to Advanced Micro Devices Inc. co-founder Jerry Sanders, was “real men have fabs.” That saying — along with its dated, sexist phrasing — is now officially no longer true, as semiconductor giant Intel Corp. INTC, -16.24% admitted Thursday that it could actually partner with another semiconductor foundry to help with its next-generation manufacturing technology, as it announced a delay in its next process technology for future chips. That was a huge admission of defeat for one of Silicon Valley’s most iconic companies. Intel is one of the last remaining semiconductor companies that…