Intel's Stock Plummeted 50% In Past 12 Months, Now The Lip-Bu Tan-Led Company Is Betting On 18A Chip Breakthrough: 'We're Freezing It'
Intel's stock has dropped nearly 50% over the past year, but the company has announced that its 18A process node has entered risk production, a key step in its strategy to regain semiconductor leadership. This phase was revealed at Intel's Vision 2025 conference, with the potential focus on the upcoming Panther Lake processors. Intel's new CEO, Lip-Bu Tan, emphasizes a cultural overhaul to foster innovation and is targeting major foundry clients like Nvidia and Broadcom. Year-to-date, Intel's stock has risen by 9.05%.
In the past 12 months, Intel Corp's INTC shares are down by 49.82. However, now the company has made a crucial step forward and announced that its 18A process node has entered risk production.
What Happened: At Intel's Vision 2025 conference, the company revealed that it had entered the "risk production" phase for its 18A process node, reported Tom's Hardware.
This process node is a critical part of Intel's strategy to regain its leadership in semiconductor manufacturing, a position it has been vying for in recent years, especially against rival Taiwan Semiconductor Manufacturing Co. Ltd. TSM.
Kevin O'Buckley, senior vice president of Intel Foundry Services, explained the significance of risk production, saying, “Risk production, while it sounds scary, is actually an industry standard terminology. The importance of risk production is we’ve gotten the technology to a point where we’re freezing it.”
See Also: Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It
Intel has not confirmed whether the 18A risk production is specifically for its upcoming Panther Lake processors or if it is intended for external foundry clients.
However, since Panther Lake will be the first processor lineup built on the 18A process and is set to enter mass production later this year, it is likely the primary focus of this risk production phase, the report noted.
Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.
Why It Matters: Previously, Intel’s new CEO, Lip-Bu Tan, spoke about the need for a cultural overhaul within the company, underscoring the reduction of bureaucracy to foster innovation.
Intel is also reportedly targeting major foundry clients as part of its strategy to rejuvenate its chip design. The company is reportedly on the verge of securing commitments from industry giants like Nvidia Corp NVDA and Broadcom Inc. AVGO to utilize its foundry services.
Price Action: Intel’s stock has risen 9.05% year-to-date, based on Benzinga Pro data.
As per Benzinga Edge Stock Rankings, Intel (INTC) has a 3.54% growth rating. Curious how it stacks up against other companies? Click here for the full analysis.
Image via Shutterstock
Check out more of Benzinga's Consumer Tech coverage by following this link.
Read Next:
- Tim Cook Praises China’s DeepSeek For Driving Efficiency, Stresses Apple’s ‘Prudent And Deliberate’ Approach Toward Capital Expenditure
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.