The source of the rumours was SemiAccurate which claimed that Intel was pulling the plug on the chip-making technology over the company's ongoing struggles to bring it to full production. Chips built with the 10nm process were initially slated to arrive in 2016, but the company has repeatedly pushed that launch date back. During Intel's last earnings call executives and they now expect 10nm chips to appear during the 2019 holiday season.

In response to SemiAccurate's report, Intel said it continues to make "good progress" on the 10nm technology. "Yields are improving consistent with the timeline we shared during our last earnings report", the chipmaker added in its tweet.

Chipzilla is having difficulty with its growing competition from AMD, which is planning to introduce 7nm chips in 2019. Rumours have also been brewing that Apple is considering dropping Intel chips in future Mac computers for its silicon.

Intel's 10nm manufacturing should have to reinvigorate the company's chip line, which is still dependent on ongoing improvements made to its existing 14nm process. The next-generation silicon will supposedly offer a 25 percent performance increase over 14nm-manufactured technology. The 10nm chips will also be able to run on 50 percent less power when clocked at the same performance of a 14nm processor.

We expect that Intel will hold an earnings call on Thursday, so expect company executives to elaborate on 10nm's progress as it is under pressure from investors and OEMs to do something pretty smartish.