Intel stock slides as TSMC explores Terafab tie-up, analyst flags share losses

What happened: Intel shares fell over 4% in premarket trading after reports that TSMC is in discussions with Elon Musk's Terafab venture about a potential collaboration. Intel had been the sole named manufacturing partner at the Texas project. Key numbers: Intel shares down over 4% premarket. Why it matters: A Terafab tie-up raises questions about Intel's position as the only previously named manufacturing partner at the project. Susquehanna also said Intel has likely continued to lose CPU model share in laptops and desktops in the third quarter, with AMD gaining ground.

Intel shares fell over 4% in premarket trading after reports that TSMC is in discussions with Elon Musk's Terafab venture about a potential collaboration. Intel had been the sole named manufacturing partner at the Texas project.

A Terafab tie-up raises questions about Intel's position as the only previously named manufacturing partner at the project. Susquehanna also said Intel has likely continued to lose CPU model share in laptops and desktops in the third quarter, with AMD gaining ground.