"(Bloomberg/Jake Rudnitsky) Intel Corp. shares fell Wednesday after a report said that Nvidia Corp. halted a test to use Intel's production process to make advanced chips. Nvidia recently tested the so-called 18A process but stopped moving forward, Reuters reported, citing two unidentified people familiar with the matter. Spokespeople for Nvidia and Intel didn't immediately respond to requests for comment. An Intel spokesperson told Reuters that the company's 18A manufacturing technologies are progressing well. Intel's shares fell about 2.2% as trading got underway in New York."
"Intel recently opened a new factory at its Ocotillo site in Arizona known as Fab 52 that's the first to go into mass production with the 18A technique. The company says it's the most cutting edge production technology developed and deployed in the US. Intel's push to make advanced chips domestically is an attempt to challenge the global leader, Taiwan Semiconductor Manufacturing Co., and reassert American leadership in the industry."
"Nvidia agreed to invest $5 billion into Intel in September, following the US government's decision to take a roughly 10% stake in the company. The investment by the world's most valuable company and a key designer of chips for the artificial intelligence boom was seen as a boost for Intel, which has struggled to stem losses and catch competitors that have surpassed it in recent years."
Intel's shares fell after Nvidia halted testing of Intel's 18A production process for advanced chips. Nvidia tested the 18A process but stopped moving forward. Intel states its 18A manufacturing technologies are progressing well and has put Fab 52 in Ocotillo, Arizona into mass production. The company positions 18A as a cutting-edge U.S.-deployed technology to challenge Taiwan Semiconductor Manufacturing Co. Nvidia invested $5 billion in Intel after the U.S. government took roughly a 10% stake, but the deal did not require Intel to make Nvidia chips. 18A introduces new transistor features aimed at improving efficiency and reducing power use.
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