server chip- extreme UV delayed


Intel stock fell about 6% on Friday after the company told investors at a meeting on Thursday that it will have to spend heavily in the next two years to power its turnaround and transformation into a manufacturer for other semiconductor companies.
The stock also took a hit on Thursday when CEO Pat Gelsinger confirmed that a forthcoming server chip, codenamed Granite Rapids, had been delayed from 2023 to 2024.

The chip is particularly important because it will be the first Intel server processor to use extreme ultraviolet lithography, a key technology Intel needs to deploy to catch up with TSMC and other top chip manufacturers…