Bad business: Intel may be subject to class action lawsuit over 7nm CPU latency

Intel has recently acknowledged that it will not be able to release its 7-nanometer processors before 2023. This recognition has been costly for the company – stocks have fallen by more than 16% and many managers have been fired or will do so soon.

But that’s not all. Not only have AMD shares become more expensive than the “blue giant” for the first time in 15 years, but the law firm Hagens Berman appealed to Intel investors with a proposal for a class action against the corporation.

Lawyers offer to investigate possible fraud, as well as concealment of technological flaws in the design and manufacture of the CPU. It is assumed that Intel CEO Robert Swan was aware of this as well as other top managers, but did nothing.
According to Hagens Berman specialists, the company intentionally hid the defects of 7-nanometer processors from investors, repeatedly stating that the chips will enter the market in 2021. But now, if this happens, it will only happen at the expense of TSMC.
At the moment, the lawsuit has not been filed yet, and it is not clear when it will be done.