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Chinese Chip Wars Tank Intel Stock

Navigate the ongoing Chip War between China and the US as Intel, AMD, and Microsoft face new challenges. Explore the short- and long-term trading outlook for Intel amidst geopolitical tensions and market fluctuations. Discover key technical support levels and strategic approaches for investors looking to capitalize on Intel's long-term potential despite short-term uncertainties.
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Intel to spin out programmable chip unit, hold IPO; shares rise 2%, ET Telecom

Intel said Sandra Rivera, an Intel veteran, will oversee the new unit, which will keep using Intels factory to make its chips. Intel said it has started "an extensive internal and external search" to replace Rivera, who currently oversees the companys data center and artificial intelligence chip business that competes with Nvidia and Advanced Micro Devices .
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