7Nm process delayed launch, stock price plummeted, Intel fired chief engineer

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 7Nm process delayed launch, stock price plummeted, Intel fired chief engineer


When renduccintara joined Intel four years ago, he was praised for having the experience needed to improve Intels design. He was later promoted to his current position in charge of chip manufacturing, which is also a key department to improve chip performance.

Last week, Bob swan, Intels chief executive, told investors that the companys new 7Nm chip technology was six months behind schedule and that Intel might pay to outsource chip production. Prior to this, the new process was delayed for many years. The stock fell 16% on Friday and 2% on Monday.

Intel is also trying to recruit a long-term head of chip design after the recent resignation of chip designer Jim Keller. (Chen Chen)

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