Work on Intel's $28B microchip fab plants in New Albany has slowed. The project, which began in 2022 and was to finish this year, is pushed back to 2031.

The company is facing a tight capacity for its older chip nodes, Intel 10 and 7, amid ongoing AI compute demand and businesses migrating to Windows 11.

Intel faces chip shortages as we slide into 2026, with 'stronger-than-expected' demand outpacing its ability to manufacture chips fast enough.

"Current demand is outpacing supply, a trend we expect will persist into 2026," Dave Zinsner, Intel's chief financial officer, said.

Nvidia Stock Rises. How Intel Is Boosting the Chips Sector. Nvidia stock was rising early Friday amid gains in the wider semiconductor sector. The chip maker’s shares were up 0.7% at $183.38 in premarket trading. Among rivals, Advanced Micro Devices was up 2.4% and Broadcom was rising 1.9% in premarket trading.

Despite a rally in the storied chip maker’s stock price, there is little evidence of a real turn in the company’s fortunes.

Under new CEO Lip‑Bu Tan, and bolstered by government and private investment, the tech company is pursuing an ambitious turnaround. “We took meaningful steps this quarter to strengthen our balance sheet,

Intel (Nasdaq: INTC) reported third-quarter revenue of $13.70 billion, slightly above consensus estimates of $13.40 billion and up 3 percent year over year. Non-GAAP EPS of $0.23 far exceeded expectations of $0.

The company saw improved demand for chips in the wake of its partnership with Nvidia and an investment from the U.S. government.

Speaking during Intel's Q3 2025 earnings call, Tan outlined the company's future plans for its client, server, and foundry businesses. On the client side, Intel will