Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
Intel Corporation (NASDAQ: INTC) has made significant strides in its semiconductor manufacturing capabilities, announcing major progress with its Intel 3 process technology.This development led to the company’s stock showing positive movement in today’s trading session. Intel stock has seen slight gains at the time of writing, up 1.89% over the day. However, year-to-date, Intel’s stock is down 34.8%.
Intel 3 Process Reaches High-Volume Production
Intel’s latest manufacturing technology, the Intel 3 process, has achieved a crucial milestone by reaching high-volume production at the company’s facilities in Oregon and Leixlip, Ireland.This new process node offers substantial improvements over its predecessor, Intel 4. It delivers up to 18% better performance at the same power consumption and up to 10% greater density. The Intel 3 process is a key component of the company’s ambitious plan to launch five new process nodes in just four years.
The Intel 3 process is particularly significant as it marks the first leading-edge node that will be utilized by external foundry customers. Intel plans to maintain the Intel 3 process for an extended period, offering multiple variants to cater to diverse customer needs.The company’s Xeon 6 server CPUs, including the Sierra Forest and Granite Rapids models, will be among the first products to leverage this new technology. Intel has already secured approximately $15 billion worth of external business for its foundry services, underscoring the potential impact of this advancement on the company’s future growth.
Join our Telegram group and never miss a breaking story.
Intel Stock Sees Slight Gains on Foundry Development
As of 1:42 PM EDT on the current trading day, Intel’s stock price stands at $31.20, reflecting a gain of $0.58 or 1.89%. This positive movement comes amidst a challenging period for the semiconductor industry, suggesting investor optimism about Intel’s recent technological progress and future prospects.
The company’s market capitalization currently sits at $132.878 billion, positioning Intel as a major player in the tech sector. Intel’s price-to-earnings (P/E) ratio, based on trailing twelve months (TTM) earnings, is 31.57, while its earnings per share (EPS) for the same period is $0.97.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.
The post Intel Stock Gains Amid Progress on Intel 3 Process appeared first on Tokenist.