We know that chip stock Intel (INTC) has been cutting projects, and staff, like no tomorrow for the last several months now, and one of the latest cuts may be on the block right now. This time, it is the glass substrate project that could be next to go. Intel investors are oddly enthusiastic about this cut, and sent shares up nearly 2.5% in Thursday afternoon’s trading.
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We heard yesterday that Intel was already considering cutting the 18A process to focus on the 14A process instead. While this had investors—and the board—concerned as things stood, the latest move seems to be met with a lot more satisfaction. This is the glass substrate project, where Intel wanted to become a leader, but is apparently planning to be a customer, outsourcing any glass substrate work rather than creating it internally.
Reports noted that South Korean companies are currently taking the lead when it comes to glass substrate work, thus, Intel may have decided it would be too far behind to get into that market effectively. Reports note that Absolics, a semiconductor materials maker in South Korea, is expected to be the first to roll out commercial glass substrates. A division of Samsung (SSNLF) is getting a pilot production line together, which also puts it well ahead of Intel. This latest development is certainly keeping with earlier statements from Intel that have the company focusing on chips and servers.
D-Day Scheduled
Meanwhile, brace yourselves, Intel investors, because on July 24, 2025, Intel will be reporting its second-quarter earnings. Intel will release those numbers after the markets close that day, and will also offer up an earnings conference call at 2:00 p.m. Pacific that day in order to go over the results.
Intel will release a live public webcast to go along with the event, and Intel’s Investor Relations website will be hosting the replay as well as materials to go along with the webcast. It is an event that Intel investors and analysts alike will be watching carefully, as Intel’s recent fortunes have not always been the greatest.
Is Intel a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on one Buy, 26 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 31.76% loss in its share price over the past year, the average INTC price target of $21.35 per share implies 4.81% downside risk.
