We are investigating Intel Corporation (INTC) (“Intel” or the “Company”) for potential violations of the federal securities laws. On July 23, 2020, Intel reported that the Company had “identified a defect mode in our 7-nanometer process that resulted in yield degradation,” indicating that it expected the defect to cause a six-month delay in shipping the Company’s 7-nanometer processors. Reacting to the news, at least eight investment firms downgraded Intel stock to hold or sell ratings, with Deutsche Bank analyst Ross Seymore opining that the “delay of [Intel’s] 7-nanometer roadmap will foster fears of competitive pressures persisting, if not accelerating over the next 2-3 years.” On this news, Intel’s stock price fell $9.81 per share, or 16.24%, to close at $50.59 per share on July 24, 2020.