Intel's (INTC, Financial) shares dropped by as much as 5.8% following reports suggesting that CEO Pat Gelsinger is considering a strategic shift in the company's chip manufacturing business. According to insiders, Intel might stop promoting certain chip-making technologies to external clients.
Analysts indicate that this potential change could result in significant impairment losses, possibly amounting to hundreds of millions of dollars or more. Intel has declined to comment on what it describes as "hypothetical scenarios or market speculation."
