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Intel facing class-action lawsuit over 7nm delay
Intel's revenue was up 20 percent in its Q2 2020 earnings report, but its 7nm processors have been delayed by at least six months because production has fallen a year behind. The subsequent decline in share price resulted in AMD's stock jumping above its rival's for the first time in around 15 years.
On Friday, the Hagens Berman law firm put out a call to Intel investors who suffered significant losses to contact the company for a possible class-action suit. It also seeks people who may be able to assist in its investigation of possible securities fraud.
"Beginning at the Company's 2019 annual investor conference, Intel continuously represented that it would start shipping its first 7nm chips in 2021. The news was well-received since the Company claimed the 7nm chip would deliver double the area efficiency of its 10nm chips. Moreover, in the wake of severe delays derailing its 10nm chips, Intel assuaged concerns by stating, "We've made time-to-market the priority," and repeatedly affirmed the 7nm chip's timetable," states Hagens Berman.
Also at Guru3D.
Previously: Intel Delays "7nm" Products by 6 Months
Intel Engineering Chief Out After 7nm Product Delays
(Score: 2) by Runaway1956 on Saturday August 01 2020, @03:16AM (3 children)
Hey, I didn't consign anyone to hell.
(Score: 2) by Azuma Hazuki on Saturday August 01 2020, @06:48PM (2 children)
Sounds like I hit a nerve there, fat man :) Whassamatter, starting to feel your circulatory system going? Did you catch the 'rona from being around fellow anti-maskers because MUH FREEDUMBZ and it's getting kind of hot and brimstone-y in your dreams? No vengeful God consigns you to Hell, and no other human does, either: you, by your own evil actions, words, and thoughts, create exactly as much Hell for exactly as long as you need it.
How about you answer the actual argument instead of dodging it? No one as fat as you should try to run an evade-tank build to begin with.
I am "that girl" your mother warned you about...
(Score: 2) by Runaway1956 on Saturday August 01 2020, @07:30PM (1 child)
*yawn*
You're getting boring. Your repertoire really isn't anything to brag about.
(Score: 2) by Azuma Hazuki on Saturday August 01 2020, @08:12PM
Works against you just fine though :D
Know how you can prevent me boring you? Shut the fuck up and quit shitting the place up. Freedom of speech means that in exactly the same way you have the right to post your horseshit, I have the right to rip it to itty bitty pieces and sprinkle the remains all over you like confetti.
I am "that girl" your mother warned you about...