Intel says new chip technology is six months behind, shares drop 9%

Intel's 7nm manufacturing delays extend the lead in the smaller, faster chip technology held by TSMC and will likely benefit rivals Advanced Micro Devices Incand Nvidia Corp .Intel is the top supplier for processors for PCs and data centers, but rivals such as Nvidia and Taiwan Semiconductor Manufacturing Co Ltdare challenging the logic of Intel's business model as a designer and maker of its own chips.