Intel has been trading lower after Nvidia evaluated manufacturing its chips using Intel’s 18A production process but did not move forward, according to two people familiar with the matter, Reuters reported.
Chip designers Nvidia (NVDA) and Broadcom had run manufacturing tests with Intel (INTC) earlier in March. Intel’s 18A chip technology has since faced challenges, as initial customer tests have led to dissatisfaction and reduced demand.
Shares of Intel (INTC) -3% and Nvidia (NVDA) are trading flat on the U.S. stock exchange.