Intel's Stock Performance Continues to Raise Questions.
Originally Published 2 years ago — by MarketWatch
Intel's stock fell more than 4% to an intraday low of $33.43, making them the worst performer on the Dow Jones Industrial Average for the second day in a row. The chip maker seeks to compete against third-party fab giant Taiwan Semiconductor Manufacturing Co. Intel said it was providing more transparency into its manufacturing arm as it seeks to build out its Intel Foundry Services business, which hopes to name a major customer by the end of the year. Intel margins have been under fire since they have fallen well below the 51% to 53% margins range, and the chip maker will start giving its manufacturing business its own profit and loss statement as it moves to become competitive in the third-party fab sector.