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.

Rival Nvidia has leapt ahead in the booming artificial intelligence chip industry,…