Intel takes a major step toward turning around a business that’s bleeding cash

Intel has announced that the 18A-P variant of its next-generation 18A manufacturing process has entered 'risk production,' signaling that the chip-manufacturing process is mature enough for initial runs. The milestone is a crucial step in Intel's turnaround strategy as it seeks to win over major external customers for its bleeding-edge foundry business. Wall Street is closely watching this progress to determine if the company can transition from an internal chip producer to a viable competitor to TSMC.