Bloomberg Tech Intel Falls as Manufacturing Snags Bedevil Comeback
8 snips
Jan 23, 2026 
Peter Singlehurst, Head of private companies at Baillie Gifford, explains why firms now stay private longer and how mega private valuations reshape exits. He talks about potential big 2026 IPOs and whether public markets can absorb them. He also outlines Baillie Gifford’s long-term approach to supporting growth-stage companies.
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Execution, Not Demand, Sank Intel
- Intel left orders on the table by underestimating server-chip demand and misallocating supply.
- Poor yields and production execution now threaten Intel's credibility as a foundry partner.
Foundry Build Hinges On Customer Commitments
- Lit Bhatan frames Intel's foundry buildout as contingent on customer volume commitments.
- Wall Street sees this as a continued wait-and-see for Intel to become a TSMC rival.
China Eases Nvidia H200 Access With Strings
- Beijing has allowed Alibaba, Tencent and ByteDance to prepare orders for Nvidia H200 chips with caveats.
- China will restrict sensitive uses and push purchases toward domestic suppliers too.