Published 26 days ago

Intel discloses $7 billion operating loss for chip-making unit

Intel reported an operating loss of $7 billion in 2023 for its foundry business, leading to a 4% drop in shares.
The company plans to spend $100 billion on chip factories in the US and expects the foundry business to break even by 2027.
Intel disclosed deepening losses for its foundry business, aiming to regain a technology lead lost to TSMC.

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Reuters

Intel discloses $7 billion operating loss for chip-making unit.

27 days ago·United Kingdom

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South China Morning Post

Intel discloses US$7 billion operating loss for chip-making unit

Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chip maker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing Co.

27 days ago·Hong Kong

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CNBC

Intel shares fall after company reveals $7 billion operating loss in foundry business

Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.

27 days ago·United States

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Channel News Asia

Intel discloses $7 billion operating loss for chip-making unit

:Semiconductor company Intel disclosed increasing operating losses for its foundry business on Tuesday, according to a regulatory filing.Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue

27 days ago·Singapore

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Globo

Intel's actions fall after announcing that the manufacture of semiconductors will only generate profit in 2027.

The company also appointed Lorenzo Flores as chief financial officer of Intel Foundry

27 days ago·Brazil

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RTÉ

Intel discloses $7 billion loss for chip-making unit

Intel has disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing.

27 days ago·Ireland

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