After Chief Executive Officer Bob Swan said Intel is considering outsourcing, the company’s shares slumped 16% on Friday, the most since March, when the stock market plummeted in the early days of the Covid-19 pandemic. “We view the roadmap missteps to be a stunning failure for a company once known for flawless execution” said Chris Caso, an analyst.
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Saturday, July 25, 2020
Intel Corp.'s ‘stunning failure’ heralds end of era for United States chip sector
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