Rapids

Sierra

Foundry

Gains

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<p class="has-drop-cap">Intel Corporation (NASDAQ: INTC) has made significant strides in its semiconductor manufacturing capabilities, announcing <a aria-label="major progress (opens in a new tab)" href="https://www.fool.com/investing/2024/06/21/intel-foundry-takes-a-step-forward-with-intel-3-pr/" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">major progress</a> with its Intel 3 process technology.<br><br>This development led to the company’s stock showing positive movement in today’s trading session. Intel stock has seen slight gains at the time of writing, up 1.89% over the day. However, year-to-date, Intel’s stock is down 34.8%.</p>
<h3 id="intel-3-process-reaches-high-volume-production">Intel 3 Process Reaches High-Volume Production</h3>
<p>Intel’s latest manufacturing technology, the Intel 3 process, has achieved a crucial milestone by reaching high-volume production at the company’s facilities in Oregon and Leixlip, Ireland.<br><br>This new process node offers substantial improvements over its predecessor, Intel 4. It delivers up to 18% better performance at the same power consumption and up to 10% greater density. The Intel 3 process is a key component of the company’s ambitious plan to launch five new process nodes in just four years.</p>
<p>The Intel 3 process is particularly significant as it marks the first leading-edge node that will be utilized by external <a href="https://tokenist.com/intels-shares-up-42-ytd-as-foundry-plans-spark-optimism/" rel="noopener noreferrer nofollow" class="deco-link">foundry</a> customers. Intel plans to maintain the Intel 3 process for an extended period, offering multiple variants to cater to diverse customer needs.<br><br>The company’s Xeon 6 server CPUs, including the Sierra Forest and Granite Rapids models, will be among the first products to leverage this new technology. Intel has already secured approximately $15 billion worth of external business for its foundry services, underscoring the potential impact of this advancement on the company’s future growth.</p>
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<h3 id="intel-stock-sees-slight-gains-on-foundry-development">Intel Stock Sees Slight Gains on Foundry Development</h3>
<p>As of 1:42 PM EDT on the current trading day, Intel’s stock price stands at $31.20, reflecting a gain of $0.58 or 1.89%. This positive movement comes amidst a challenging period for the semiconductor industry, suggesting investor optimism about Intel’s recent technological progress and future prospects.</p>
<p>The company’s market capitalization currently sits at $132.878 billion, positioning Intel as a major player in the tech sector. Intel’s <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">price-to-earnings (P/E) ratio</a>, based on trailing twelve months (TTM) earnings, is 31.57, while its <a href="https://tokenist.com/investing/how-to-value-a-stock/" class="deco-link" rel="noopener noreferrer nofollow">earnings per share (EPS)</a> for the same period is $0.97.&nbsp;</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/intel-stock-gains-amid-progress-on-intel-3-process/">Intel Stock Gains Amid Progress on Intel 3 Process</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Intel Stock Gains Amid Progress on Intel 3 Process

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