Key Takeaways A report new Intel CEO Lip-Bu Tan is considering costly changes to the company's chip manufacturing business rattled shares this week.The stock rallied from a multi-month rangebound trading floor throughout June but has run into selling pressure in early July near the respected 50-week moving average.

Intel CEO Lip-Bu Tan is considering a significant shift in the company's chip manufacturing strategy to attract major clients, potentially deviating from his predecessor's focus on the 18A process. Tan is reportedly concerned that the 18A process isn't attracting enough external customers and may favor the 14A process to better compete with TSMC.

Intel's CEO, Lip-Bu Tan, is considering a strategic shift in its foundry business, potentially halting the marketing of its 18A chipmaking technology to external clients. This move comes as the company faces delays with 18A and aims to focus on the next-generation 14A process to better compete with TSMC for major customers like Apple and Nvidia.