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Intel shifts production capacity from consumer to server CPUs in face of ‘unprecedented’ AI demand — company navigating ‘one of the most significant supply shortages in history’

Intel is expanding chipmaking and advanced packaging capacity across the U.S., Ireland, and Malaysia to meet surging AI-driven demand for data center CPUs amid shrinking PC market and persistent supply constraints.

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Intel stock plunges nearly 30%, its worst day in 52 years

Oddly enough, the quarter itself went well. Intel beat Wall Street’s earnings estimates. Its data center revenue jumped nearly 80% from a year earlier to $7.3 billion, too. But its forecast for the last three months of the year landed well short: analysts had penciled in about $17 billion in...

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