The Zhitong Finance App learned that Intel (INTC.US) stock price plummeted 29% on Friday, the biggest one-day decline since the 1970s. Previously, the fourth quarter results guidance announced by the company fell far short of market expectations, mainly hampered by the Israeli chip factory accident and continued weakness in the personal computer (PC) market. This news has severely damaged investors' confidence in Intel's business recovery, and once again severely tested the company's transformation plans promoted by CEO Chen Liwu.

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