After months of riding positive vibes, the troubled chip maker reminded investors why it needed a rescue in the first place.

Intel Corp. shares plunged 17% after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems.

By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.

Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t

Intel is an essential name to the U.S. economy and the "Soprano-like" equity ownership by the government makes me want to own this company for the long haul.

Intel CFO David Zinsner indicated that Intel is “prioritizing [its] internal wafer supply to data center” and having more of its consumer chips made externally. Substantial portions of the Core Ultra Series 3 processors are manufactured at Intel, after the company primarily used TSMC’s chip factories for the Core Ultra Series 2 designs.

By Arsheeya Bajwa and Max A. Cherney Jan 22 (Reuters) - Intel said on Thursday it struggled to satisfy demand for its server chips used in AI data centers, and forecast quarterly revenue and profit below market estimates,

The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. The world's largest chipmaker posted revenue of $13.67 billion in the period, which also beat Street forecasts.