Effective April 27, 2017, Intel changed its practice with respect to the status of Business Outlook.
As a result, Intel doesn't expect to launch its 7nm chips until 2022 and 2023. Meanwhile, Intel is in crisis after saying its new production process is a year behind schedule. Intel's (NASDAQ: INTC) stock plunged 16% on July 24 after it followed up its second-quarter earnings beat by disclosing that its new 7nm process is now "trending approximately 12 months" behind its internal target.
Yahoo Finance speaks with former Cisco CEO John Chambers and current HPE CEO Antonio Neri to discuss ways to close it. Motley Fool. Why Intel Stock Went Down. Intel’s Latest Setback Should Please AMD Investors. Find the latest Intel Corporation (INTC) stock quote, history, news and other vital information to help you with your stock trading and investing. Status of Business Outlook.