Intel announced the second quarter financial data and the company’s business progress on Thursday, including the progress of the chip manufacturing industry.
Intel said that the progress of its 7nm chip process has been delayed farther than expected. In fact, it’s going to be delayed six months later than originally expected, mainly due to a defect that affected the yield.
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Intel CEO Bob Swan said that the obstacles should basically be eliminated, but we still prepared emergency response plans to prevent accidents from appearing again.
Bob Swan said that in case of emergency, he will be ready to outsource some chip manufacturing and use other companies’ foundries .
Affected by this news, chip foundry giant TSMC ADR (American Depository Receipt) rose 4.68% to 70.52 US dollars after the market on Thursday. Intel (NASDAQ: INTC) plunged more than 10% after the market on Thursday, and Intel rival AMD surged nearly 8% after the market.