Intel Drops 4.72% on Foundry Unit Concerns

Intel's stock price dropped by 4.72% in pre-market trading on April 4, 2025, marking a significant decline for the semiconductor giant.

Despite a broader market sell-off, Intel's stock managed to close the previous trading day with a 2.1% gain, showcasing its resilience amidst market volatility. This performance was driven by the company's strong fundamentals and investor confidence in its long-term prospects.

Recent updates from Intel have been positive, with the company making strides in its foundry business. A tentative agreement with TSMC could potentially revitalize Intel's foundry operations, providing a much-needed boost to its competitive position in the semiconductor industry.

However, Intel's stock faced a significant setback on April 1, 2025, when news of a non-core unit plan emerged, causing a plunge in its share price. This development has raised concerns among investors about the company's strategic direction and its ability to execute on its growth plans.