July 26 news, according to foreign media reports, as Intel's 7nm chip plan setback, the company's shares closed on Friday local time plunged 16.24%.
Previously, in the second quarter of this year's earnings call, Intel revealed that the progress of its 7nm chip technology is six months later than originally planned, mainly due to the existence of "defects" in the process, resulting in the impact on yields.
According to foreign media reports, the company's 7nm chip was originally planned for the end of 2021, the delay means that the earliest will be available in 2022.
Intel CEO Bob Swan said they prepared an emergency response plan in case of further surprises. In case of emergency, will be ready to outsource part of the chip manufacturing, using another company's wafer foundry.