![Intel stock declines by 6% as it updates chip manufacturing plans](https://enterprise-informer.com/wp-content/uploads/2023/06/Intel-chip-manufacturing-plan-update-400x250.jpg)
Intel stock declines by 6% as it updates chip manufacturing plans
Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…