Intel To Stop Addressing Chip Technology Based On Transistor Size, Adds Qualcomm, Amazon As Customers: Report - Intel (NASDAQ:INTC)

Intel Corp INTC will stop referring to its latest generation of manufacturing technology based on the size of its semiconductor transistors, the Financial Times reports.
It will no longer refer to the delayed 7-nm chips, which will not appear until 2023.
Instead, it will use the new brand Intel7 to refer to an intermediate generation of chips set to hit the market a year earlier. The company was enacting the shift to ease comparisons with rivals for customers as it moves into the foundry market, SVP Sanjay Natarajan justified.
Intel's factories will start building Qualcomm Inc QCOM chips, Reuters reported. Qualcomm will use new transistor technology called the 20A chipmaking process to reduce chips' power consumption. The Qualcomm deal involved a central mobile platform and engaging in a profound a strategic manner.
Amazon.com Inc AMZN will use Intel's packaging technology, the process of assembling chips and "chiplets" or "tiles," often stacking them up in so-called 3D formation.
Intel expects to regain its lead by 2025 and described five sets of chipmaking technologies it would roll out over the next four years.
Starting as early as 2025, it will also tap a new generation of machines from the Netherlands' ASML Holding ASML that uses extreme ultraviolet lithography.
Price action: INTC shares traded lower by 3.52% at $52.40 on the last check Tuesday.