Why Intel Shares Are Moving
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares are trading lower amid weakness in semiconductor and chip stocks. This is due to Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) reportedly telling its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty. Intel, a significant customer of TSMC, could face potential disruptions in its supply chain and production capabilities.
September 15, 2023 | 5:45 pm
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NEGATIVE IMPACT
Intel's stock is trading lower due to potential disruptions in its supply chain and production capabilities caused by TSMC's decision to postpone the delivery of high-end chipmaking equipment.
Intel relies on TSMC for certain chip production. TSMC's decision to postpone the delivery of high-end chipmaking equipment due to demand uncertainty could disrupt Intel's supply chain and production capabilities, leading to a drop in Intel's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TSMC's decision to postpone the delivery of high-end chipmaking equipment amid demand uncertainty could potentially impact its relationship with major customers like Intel.
TSMC's decision to postpone the delivery of high-end chipmaking equipment due to demand uncertainty could potentially disrupt the supply chain of its major customers like Intel, which could negatively impact TSMC's business relationships and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80