Intel Starts 18A-P Chip Production, Stock Soars 4%
INTC•Intel announced start of production on its advanced 18A-P chip node, sending shares up 4% in premarket. Over the past 14 months, Intel’s stock has risen from $18.84 to around $130, driven by CEO Lip-Bu Tan’s foundry strategy, CHIPS Act funding and surging data center CPU demand.
1. Intel Begins 18A-P Chip Production
Intel has commenced production on its advanced 18A-P chip node, marking a key milestone in its process technology roadmap and showcasing its regained manufacturing prowess.
2. Shares React to Milestone
Shares rose 4% in early premarket trading as investors welcomed the 18A-P node rollout and anticipated improvements in performance, power efficiency and yield.
3. Sevenfold Rally Over 14 Months
Over the past 14 months, Intel’s stock has surged from $18.84 to roughly $130, reflecting a sevenfold gain driven by renewed execution under CEO Lip-Bu Tan.
4. Drivers of Growth and Outlook
The rally has been fueled by execution of the foundry strategy, CHIPS Act funding and growing data center CPU demand, positioning Intel to compete more aggressively against TSMC and AMD in advanced nodes.
