Intel shares fall after company blames shrinking PC chip business on component shortages

Investors are closely watching Intel's gross margin as the company spends on ramping up new production lines to catch rivals in semiconductor performance.

The company plans to shift its business model to become a manufacturer, or foundry, for other chip designers, in addition to continuing to design and manufacture its own processors. The quest to become a foundry is an expensive initiative that could have its costs defrayed by government support in the U.S. and Europe. The new strategy was spearheaded by CEO Pat Gelsinger, who took the helm earlier this year.

Intel is likely to provide more details on how it sees the transition to becoming a foundry and its views on its technology roadmap next month at its analyst day.

Seems deflationary

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alibaba shares surge 7% after Jack Ma appears in Europe and company releases new chipAlibaba founder Jack Ma has been largely out of the public view since October 2020 when he made comments that appeared to criticize Chinese regulators. good SHIB ❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 shibabone 🌹🌹🌸🌸 SHIBARMY❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 leash 🌹🌹🌸🌸 SHIBARMY❤️ shibainu 👍🚀 ShibaSwap 🧨🧨🧨 SHIBA_INU_COIN🌹🌹🌸🌸 💎💎 shiba 💎💎 An important deal
Source: CNBC - 🏆 12. / 72 Read more »

Stock Futures Waver Ahead of Big Tech EarningsU.S. stock futures wobbled ahead of corporate results that will provide insight into the effects on the technology industry of inflation and supply-chain disruptions, including from the global chip shortage.
Source: WSJ - 🏆 98. / 63 Read more »