Why Did Intel Stock Drop Today?

Intel keeps shifting business plans, and investors are nervous.Intel (INTC) stock slid 3.3% through 11:20 a.m. ET Wednesday after Reuters reported a shift in the company's foundry business plan. Intel may be preparing to cease marketing its "18A" chipmaking process (which is to say, making 1.8-nanometer semiconductor chips) to outside customers, and write off its investment in that process.Instead, Intel would focus on more advanced 14A process (1.4 nm) for its foundry customers, while continuing to develop ...