(Bloomberg) — Intel Corp. shares slumped after the world’s largest chipmaker said a new 7-nanometer production process was delayed again.“The company’s 7nm-based CPU product timing is shifting approximately six months relative to prior expectations,” the company said as it reported quarterly results on Thursday. “The primary driver is the yield of Intel’s 7nm process, which based on recent data, is now trending approximately twelve months behind the company’s internal target.”Intel shares fell almost 9% in extended trading. Advanced Micro Devices Inc., a rival, jumped 6%.Competitive pressure has been building on Intel in recent years. The company designs and manufacturers its …read more
Source:: Yahoo Finance
