Intel's stock dropped 6% as the company updated its Chip Manufacturing Plans, with Chief Financial Officer David Zinsner revealing how the company would change the way it reports financial results to give its foundry business its own profit-and-loss statement. Intel's new reporting structure could also help control costs, as the company aims to trim up to $10 billion from its costs over the next three years. Intel plans to catch up with Taiwan Semiconductor Manufacturing Company's manufacturing technology by 2026, with plans to use its own chips to work out problems in its manufacturing before opening the factories to third-party companies.
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