Intel’s chip contracting plan in spotlight on earnings day

Faced with slumping quarterly sales and a burgeoning loss, Intel shareholders will want to know new CEO Lip Bu-Tan’s plans for the chipmaker’s nascent contract manufacturing business.

Intel is set to report its sixth consecutive net loss on Thursday, while revenue is expected to drop for a fifth straight quarter, according to estimates from LSEG data.

The storied chipmaker, once synonymous with America’s chipmaking heft, has lagged due to years of strategic missteps.