Intel Stock Surges as Foundry Business Gains Traction
Intel shares rallied more than 6% Wednesday, extending a rebound fueled by growing confidence in its chip manufacturing capabilities. The company's unveiling of Panther Lake AI PC chips—its first product using the long-awaited 18A process—marked a critical milestone for the beleaguered foundry division.
Federal contracts and Nvidia's billion-dollar investment have injected stability into Intel's finances. New CEO Lip-Bu Tan's cost-cutting measures and asset sales appear to be stemming losses, though challenges remain in competing with Asian manufacturers like TSMC.
The market response suggests cautious Optimism about Intel's ability to reclaim its position in advanced semiconductor manufacturing—a sector where U.S. technological sovereignty concerns are driving renewed interest in domestic alternatives.
