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Title    Intel Faces Class-Action Lawsuit Over "7nm" Delays
Date    Saturday August 01 2020, @02:53AM
Author    martyb
Topic   
from the little-by-slow dept.
https://soylentnews.org/article.pl?sid=20/07/31/1622254

takyon writes:

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


Original Submission

Links

  1. "takyon" - https://soylentnews.org/~takyon/
  2. "Intel facing class-action lawsuit over 7nm delay" - https://www.techspot.com/news/86140-intel-facing-class-action-lawsuit-over-7nm-delay.html
  3. "earnings report" - https://www.techspot.com/news/86116-intel-earnings-report-7nm-process-suffer-six-month.html
  4. "jumping above" - https://www.techspot.com/news/86118-amd-share-price-jumps-above-intel-first-time.html
  5. "Hagens Berman law firm" - https://www.newsfilecorp.com/release/60513
  6. "Guru3D" - https://www.guru3d.com/news-story/intel-gets-sued-over-6-to-12-month-7nm-delay.html
  7. "Intel Delays "7nm" Products by 6 Months" - https://soylentnews.org/article.pl?sid=20/07/24/1224224
  8. "Intel Engineering Chief Out After 7nm Product Delays" - https://soylentnews.org/article.pl?sid=20/07/28/1944230
  9. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=42424

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printed from SoylentNews, Intel Faces Class-Action Lawsuit Over "7nm" Delays on 2022-01-23 15:28:42