US chipmaking nears death: Intel warns it may give up on cutting-edge chips

Intel CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose.

Laure Andrillon/REUTERS

• Intel may halt development of its next-gen chip, 14A, due to financial concerns.
• The 14A chip has been crucial for Intel to compete with Taiwan's leading chipmaker, TSMC.
• Ending 14A would be a heavy blow for US chipmaking, increasing reliance on overseas production.

Is this the beginning of the end for American chipmaking? It could very well be.