Intel foundry push faces critical test after stock's 45% plunge in October
Published . Updated .
Intel’s turnaround now hinges on proving its foundry strategy can deliver, as customers look for signs the company will add fab capacity and catch TSMC
Directly affected
- INTC Intel-46.0% 30d
Named in this report.
- TSM Taiwan Semiconductor Manufacturing-8.8% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-12.3% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-15.7% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story.
- ASML ASML Holding N.V-0.1% 17d
ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story.
- NVDA Nvidia-9.9% 30d
Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story.
- AVGO Broadcom-10.1% 30d
Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story.
- AMD Advanced Micro Devices-18.0% 30d
Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| INTC | +37.63% | +45.22% | base | -9.33% | after close | after close | after close |
| TSM | +4.53% | +8.29% | base | -1.81% | after close | after close | after close |
| SMH | +3.57% | +8.65% | base | -2.83% | after close | after close | after close |
| SOXX | +4.40% | +10.71% | base | -3.76% | after close | after close | after close |
| ASML | +1.58% | +6.31% | base | -2.87% | after close | after close | after close |
| NVDA | +5.49% | +5.17% | base | -1.25% | after close | after close | after close |
| AVGO | +0.96% | +7.89% | base | -1.15% | after close | after close | after close |
| AMD | +5.18% | +14.50% | base | -7.61% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Intel foundry push faces critical test after stock's 45% plunge in October CNBC
Source: CNBC
How Vaneck Etf Trust (SMH) moved across the last 15 semiconductors stories
Vaneck Etf Trust (SMH) the next day, across 15 earlier stories: average -0.49%, largest gain +4.02%, largest drop -4.47%, from 15 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Vaneck Etf Trust (SMH) | the next day | -0.49% | +4.02% | -4.47% | 15 |
| Vaneck Etf Trust (SMH) | three days later | -1.98% | +8.57% | -8.91% | 15 |
| Ishares Tr (SOXX) | the next day | -0.73% | +4.09% | -5.09% | 13 |
| Ishares Tr (SOXX) | three days later | -1.98% | +9.75% | -11.22% | 13 |
| Asml Holding (ASML) | the next day | -0.30% | +2.46% | -3.58% | 15 |
| Asml Holding (ASML) | three days later | -1.71% | +6.57% | -7.02% | 15 |
| Nvidia (NVDA) | the next day | +0.15% | +2.22% | -3.33% | 15 |
| Nvidia (NVDA) | three days later | -0.45% | +2.10% | -7.19% | 15 |
- UC San Diego Partners with TSMC to Create Pipeline From the Classroom to Semiconductor Cleanroom
- TSMC Stocks Rise as Record Profit Meets 2027 Caution
- TSMC Stocks Rise 2.5% as Its $53.3 Billion Sales Target Tests Margins
- Stock earnings pick of the week: Can TSMC keep the AI boom running as US CPI looms?
- A pipe under the Taiwan Strait outlasts the politics above it
- 1 Reason TSMC Stock Could Rally After Its Record Quarter
Vaneck Etf Trust (SMH) compared with technology stocks (XLK) since 2 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| AMD | that day | -7.61% | final price |
| AMD | three days earlier | +14.50% | final price |
| AMD | five days earlier | +5.18% | final price |
| Asml Holding (ASML) | that day | -2.87% | final price |
| Asml Holding (ASML) | three days earlier | +6.31% | final price |
| Asml Holding (ASML) | five days earlier | +1.58% | final price |
| Broadcom (AVGO) | that day | -1.15% | final price |
| Broadcom (AVGO) | three days earlier | +7.89% | final price |
| Broadcom (AVGO) | five days earlier | +0.96% | final price |
| INTC | that day | -9.33% | final price |
| INTC | three days earlier | +45.22% | final price |
| INTC | five days earlier | +37.63% | final price |
| Nvidia (NVDA) | that day | -1.25% | final price |
| Nvidia (NVDA) | three days earlier | +5.17% | final price |
| Nvidia (NVDA) | five days earlier | +5.49% | final price |
| Vaneck Etf Trust (SMH) | that day | -2.83% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | +8.65% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +3.57% | final price |
| Ishares Tr (SOXX) | that day | -3.76% | final price |
| Ishares Tr (SOXX) | three days earlier | +10.71% | final price |
| Ishares Tr (SOXX) | five days earlier | +4.40% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | that day | -1.81% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | three days earlier | +8.29% | final price |
| Taiwan Semiconductor Manufacturing (TSM) | five days earlier | +4.53% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Intel (INTC) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Intel (INTC), worth $100,001 - $250,000 on 21 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 24 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 41 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 10 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 87 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 31 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 32 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Nvidia (NVDA) (held by a dependent child), worth $1,001 - $15,000 on 23 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Broadcom (AVGO) (held by a dependent child), worth $15,001 - $50,000 on 23 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How busy Taiwan Strait has been lately
Geopolitics Alpha has 3 stories about Taiwan Strait from the past 7 days and 53 stories from the past 30. That is slower than its usual pace over the past month. “Intel foundry push faces critical test after stock's 45% plunge in October” is tagged to Taiwan Strait.
Who collects and who pays in semiconductors
Companies mentioned with this story
- SMH Vaneck Etf Trust
Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Intel foundry push faces critical test after stock's 45% plunge in October.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story
- SOXX Ishares Tr
In “Intel foundry push faces critical test after stock's 45% plunge in October,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story
- ASML Asml Holding
Asml Holding (ASML) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Intel foundry push faces critical test after stock's 45% plunge in October.” Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story
- NVDA Nvidia
For “Intel foundry push faces critical test after stock's 45% plunge in October,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story
- TSM Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing (TSM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Intel foundry push faces critical test after stock's 45% plunge in October.” Reason on file: Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story
- AVGO Broadcom
Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Intel foundry push faces critical test after stock's 45% plunge in October.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “foundry” (semiconductors) in this story
From Taiwan Strait to Vaneck Etf Trust (SMH)
Vaneck Etf Trust (SMH) is the company in “Intel foundry push faces critical test after stock's 45% plunge in October,” the 2 Nov 2026 Taiwan Strait story.
Vaneck Etf Trust (SMH) is on the page because VanEck Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story
Ishares Tr (SOXX) is here too. Its reason reads: iShares Semiconductor ETF: it holds chipmakers. Linked by “foundry” (semiconductors) in this story
The price range for Vaneck Etf Trust (SMH), and the dates in the story
ASML traded between 1583.71 and 1868.68 across 13 sessions. The latest close on file is 1590.17. SMH traded between 511.68 and 639.33 across 20 sessions. The latest close on file is 522.89. SOXX traded between 460.13 and 596.35 across 20 sessions. The latest close on file is 471.44.
A simple score for Vaneck Etf Trust (SMH)
46 out of 100
“Intel foundry push faces critical test after stock's 45% plunge in October” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.