Intel shares tumbled in Asian trading as the chipmaker’s manufacturing setbacks threaten its long-delayed comeback. Investors are reacting to fresh concerns over its ability to compete with Taiwan Semiconductor and regain market share. The drop comes as the company struggles with advanced process nodes, a critical area for future growth and profitability.

The sell-off highlights persistent challenges in Intel’s turnaround plan, which hinges on its IDM 2.0 strategy. For years, the company has trailed rivals in semiconductor fabrication, losing ground in key markets like data centers and PCs. This latest snafu adds pressure on management to deliver on its ambitious roadmap and rebuild investor confidence.

Traders will watch for official statements from Intel and any guidance from CEO Pat Gelsinger. The broader chip sector remains volatile, with global supply chains and geopolitical tensions adding complexity. If Intel’s manufacturing issues persist, it could face further downgrades and a longer road to recovery.