Why Intel Shares Are Moving

Intel Corporation INTC shares are trading lower by 2.3% to $37.76 during Friday's session amid weakness in semiconductor and chip stocks. Taiwan Semiconductor Mfg. Co. Ltd. TSM has reportedly told its suppliers to postpone the delivery of high-end chipmaking equipment amid demand uncertainty.

TSMC is one of the world's largest semiconductor foundries and a major player in the global supply chain for chip manufacturing.

Intel, on the other hand, is a significant customer of TSMC, and it relies on TSMC for certain chip production when its own facilities cannot meet demand or require specialized manufacturing processes.

If TSMC delays or scales back equipment orders due to uncertainty, this can potentially disrupt Intel's supply chain and production capabilities.

What Happened?

While suppliers anticipate this delay to be short-term, TSMC's caution reflects concerns about the outlook for the market, primarily driven by weaker economic conditions, slower recovery in China, and softer end-market demand...Read More

According to data from Benzinga Pro, INTC has a 52-week high of $40.42 and a 52-week low of $24.59.