Intel is about to save $1 billion by failing to keep up with a 50-year-old industry standard (INTC)

Intel had a surprise earnings beat on Wednesday, sending its share price up by as much as 8% in after hour tradings. But the bigger surprise was that Intel delayed the roll out of its 10-nanometer chip manufacturing process by six months, to the second half of 2017, basically admitting that it's getting increasingly difficult to keep up with the Moore's Law — the 50-year old industry standard that stipulates doubling processing power every two years. The six month delay means Intel is now wo...