Intel Falls as Manufacturing Snags Bedevil Comeback | Bloomberg Tech 1/23/2026
Summary
Intel's manufacturing woes, including poor yield and inventory issues, have led to significant sales losses and raise doubts about its foundry ambitions. Meanwhile, China's tech giants are preparing to order key AI chips, hinting at easing import restrictions.
Key Takeaways
- Intel's production and yield issues have left significant orders unfulfilled, which could hurt its pitch to external customers for its foundry business.
- China has given the green light to Alibaba, Tencent, and ByteDance to prepare orders for Nvidia's H200 AI chips, suggesting a relaxation of import restrictions.
- Intel CEO Lit Bhutan is taking a pragmatic, wait-and-see approach to expanding its foundry business, saying he won't invest until he has firm customer commitments.
Related topics
Transcript Excerpt
Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Ludlow in San Francisco. This is Bloomberg Tech. Coming up, Intel plunges after the chipmaker warned it's struggling with manufacturing problems. Plus, China's largest tech firms get an initial green light from Beijing to start preparing orders for NVIDIA's H200AI chips. And after years of drama, it comes to an end as TikTok and its Chinese parent ByteDance close a deal to operate in the U.S. Let's look right now, though, at U.S. markets as we close up this week. A volatile trading week, to say the very least, consumed by geopolitics to start. And we end with a little bit of green on our screens for the Nasdaq 100. We're up five tenths of a percent, six tenths of a percent. You can see the clawback that happen…