Intel chip delay forces shift to using more outside factories, shares drop

Intel shares fell 9%.The setbacks will have little effect in the next few quarters, but will cause a years-long domino effect, delaying chips meant to counter the rise of rivals Advanced Micro Devices Incand Nvidia Corpuntil late 2021 or even 2023.Intel's 7nm delays extend the lead in the smaller, faster chip technology held by Taiwan Semiconductor Manufacturing Co Ltd , which is now expected to remain at least one generation of technology ahead for years to come.