ReferIndia News Intel Faces Tumultuous Turnaround amid Foundry Fears

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Intel Faces Tumultuous Turnaround amid Foundry Fears

Published on: July 25, 2025, 7:15 p.m. | Source: Devdiscourse

Intel's stocks dropped by 8% following a forecast of higher-than-anticipated quarterly losses and potential withdrawal from the foundry business. New CEO Lip-Bu Tan suggests strategic shifts, stressing the need for demand-backed investment. Intel struggles to regain footing against competitors Nvidia and AMD.

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