Intel says its upgraded chipmaking recipe, called Intel 18A-P, has reached a key milestone. In an update on its foundry business on Tuesday, the company said the process node has entered "risk production" on schedule, according to reporting carried by MSN and others.

"Risk production" is an industry term for the stage where a manufacturing process is run for real but before high-volume mass production—essentially a trial run that customers and the company watch closely to see whether it performs reliably.

18A-P is a refined variant of Intel's existing 18A process. According to The Next Web, Intel is claiming a 9% performance gain with the new iteration, and is using the milestone to help win over external foundry customers—other companies that would pay Intel to manufacture their chips. MySmartPrice frames the pitch as a "reliable, faster future for AI chips."

The market reaction was muddled. Barron's reported that Intel stock "pops" as its costly chip-making bet moves closer to paying off. But TechStock² reported the stock dropping in premarket trading, saying the 18A-P milestone collided with a broader semiconductor selloff.

Why it matters: Intel has staked its turnaround on proving it can manufacture cutting-edge chips not just for itself but for paying customers, and hitting this milestone on schedule is a concrete sign that long, expensive bet is on track.