---
title: "Why Intel Stock Was Sliding Today"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216904854.md"
description: "Intel's stock fell 3.3% amid a broader semiconductor sector sell-off, triggered by ASML's disappointing 2025 forecast. ASML's report highlighted a slower-than-expected recovery in foundry demand, impacting Intel's ambitions in the foundry market. Despite a recent partnership with AMD and a deal with Amazon for AI chip production, Intel faces significant challenges, including a restructuring plan that involves layoffs and ongoing losses in its foundry division. The outlook remains uncertain as macroeconomic factors could further hinder Intel's recovery efforts."
datetime: "2024-10-15T20:10:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216904854.md)
  - [en](https://longbridge.com/en/news/216904854.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216904854.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/216904854.md) | [繁體中文](https://longbridge.com/zh-HK/news/216904854.md)


# Why Intel Stock Was Sliding Today

Shares of **Intel** (INTC -3.87%) were falling today as the struggling chip stock got swept up in a broader sector sell-off after industry bellwether **ASML** (ASML -16.43%) gave a downbeat forecast for 2025.

As of 3:16 p.m. ET, Intel stock was down 3.3% on the news.

Image source: Getty Images.

## Foundry demand is slowing

ASML is a key company to watch in the semiconductor industry, especially for foundry operators like Intel, as ASML supplies them with top-of-the-line lithography machines to make semiconductors.

This morning, in its third-quarter earnings report, ASML said the expected recovery in demand for its machines is taking longer than expected, citing weakness in logic and memory chips. Intel competes in logic chips but sold its memory business a few years ago.

Intel's foundry operations are surrounded by uncertainty following the company's restructuring announcement in August, which includes laying off at least 15% of its workforce. Intel did score a win last month when it announced a deal to make a custom artificial intelligence (AI) fabric chip for **Amazon**. However, the ASML news signals that growth in the foundry industry could be more sluggish than investors had hoped. This would likely impact Intel as the company has major ambitions for its new foundry services business.

Elsewhere, the company also announced a partnership with **AMD** to form an advisory group on the x86 central processing unit (CPU) architecture they share. The move seems designed to push back on **Arm Holdings**, which dominates smartphone CPU market share due to its power-efficient architecture and has been taking market share from Intel and AMD.

## What's next for Intel

Any sector-level or macro headwinds will be especially problematic for Intel as the company is already struggling to turn a profit and is losing billions a quarter in its foundry division. While there is potential for a comeback, Intel can ill afford anything to go wrong at this point, whether that's internally or outside of its control.

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- [Intel Corporation (INTC.US)](https://longbridge.com/en/quote/INTC.US.md)

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