The outlook for wafer foundry business is uncertain. Intel (INTC.US) plummeted more than 8%, almost wiping out its gains from earlier this year.

According to the Wise Finance APP, despite Intel's (INTC.US) latest financial report exceeding market expectations, its stock price plummeted over 8% on Friday, nearly wiping out its year-to-date gains, due to the announcement of significant cuts in wafer outsourcing costs and a warning that this business may be suspended.