Intel Stock Drops Further as Silicon Wafers Reportedly Fail Broadcom Tests

Key TakeawaysIntel shares fell further Wednesday amid a broader selloff of chip stocks, as the company's contract manufacturing business got another piece of bad news.Reuters reported that recent tests of Intel's latest manufacturing process conducted by Broadcom failed.Intel stock has lost roughly 60% of its value this year, including a 26% drop following a disappointing earnings report last month. Intel (INTC) shares extended their losses Wednesday amid a stretch of bad news, as Reuters reported that rece ...