Intel shares plummet 13% after CEO Tan issues disappointing outlook

Intel Corp. shares plunged by approximately 13% in pre-market trading on Friday after CEO Lip-Bu Tan issued a disappointing outlook, highlighting persistent manufacturing hurdles that continue to plague the semiconductor giant. Tan’s admission that a successful turnaround would require “time and resolve” further accelerated the stock’s decline. Disappointing Forecast Intel’s First quarter guidance for both…

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