Intel (INTC) shares extended their losses Wednesday amid a stretch of bad news, as Reuters reported that recent tests of the chip giant's most advanced manufacturing process conducted by Broadcom (AVGO) failed.

Silicon wafers, which chips are printed on, reportedly were returned to Broadcom last month after they were run through Intel's 18A manufacturing process. A review by Broadcom engineers found that the process isn't ready to be used for high-volume production, Reuters said.

Intel and Broadcom did not immediately respond to Investopedia requests for comment.

Latest Piece of Bad News for Intel

While many chip stocks have surged amid 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) demand, Intel shares have l🍒ost about 60% of their value since the start of 2024.

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ﷺ Intel shares were 2% lower at $19.67 early Wednesday afte﷽rnoon.