New Delhi, Jan. 23 -- Intel Corp. shares plummeted by approximately 13% in pre-market trading on Friday after CEO Lip-Bu Tan issued a disappointing outlook, highlighting persistent manufacturing hurdles that continue to plague the semiconductor giant.

Tan's admission that a successful turnaround would require "time and resolve" further accelerated the stock's decline.

Intel's first quarter guidance for both revenue and earnings failed to meet Wall Street's expectations. The company projected revenue between $11.7 billion and $12.7 billion. The midpoint of this range ($12.2 billion) fell notably below the $12.6 billion consensus predicted by analysts.

In the fourth quarter of 2025, revenue dipped 4.1% to $13.7 billion. Adjusted earnings...