半导体行业观察·2025-12-25 01:32Core Viewpoint - Nvidia has paused testing of advanced chips using Intel's 18A manufacturing process, leading to a decline in Intel's stock price, despite Intel claiming progress in the 18A technology [1] Group 1: Nvidia and Intel Relationship - Nvidia recently tested the 18A process but has halted further progress, impacting Intel's stock negatively by approximately 2.2% [1] - Nvidia agreed to invest $5 billion in Intel, seen as a boost for Intel, which has struggled to keep pace with competitors [1] Group 2: Intel's 18A Technology - The 18A technology aims to enhance chip efficiency and reduce power consumption through innovations like "full-ring gate" technology, allowing for better control of transistors [2] - Intel's new Fab 52 factory in Arizona is the first to mass-produce chips using the 18A process, marking a significant step in the company's efforts to localize advanced chip production [1][2] Group 3: Intel's 14A Process - Intel is focusing on the 14A process as a potential turning point for its foundry services, with plans to control initial capacity based on market demand, contrasting with the aggressive capacity increase seen in the 18A strategy [2][3] - The 14A process is being developed in collaboration with external customers, allowing for early feedback and adjustments, which is expected to lead to a clearer success trajectory by mid-2026 to early 2027 [3]