Intel announced a 6 months’ delay in the launch of its 7nm processors i.e. in late 2022. This is a major setback for Intel as its rival Advanced Micro Devices (AMD) has been selling 7nm processors for quite some time now. As an aftermath, the firm’s stocks dropped after the announcement. 7nm processors are much efficient and a lot of firms prefer to build devices on them. Microsoft, Apple already relies on AMD. Apple announced to switch all of its devices to AMD.