Intel Plunges as It Weighs Exit From Manufacturing Chips

(Bloomberg) — Intel Corp. Chief Executive Officer Bob Swan spent almost an hour on Thursday discussing an idea that would once have been unthinkable for the world’s largest semiconductor company: Not manufacturing its own chips. Intel’s shares tumbled as much as 18% Friday morning.Outsourcing is the norm in the $400 billion industry nowadays, but for 50 years Intel has combined chip design with in-house production. And until recently, Intel was even planning to churn out processors for…


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