Intel on Tuesday disclosed $7 billion in operating losses for its foundry business in 2023, "a steeper loss than the $5.2 billion in operating losses the year before," reports Reuters. "The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before." From the report: Intel shares were down 4.3% after the documents were fi ... ⌘ Read more
Intel on Tuesday disclosed $7 billion in operating losses for its foundry business in 2023, "a steeper loss than the $5.2 billion in operating losses the year before," reports Reuters. "The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before." From the report: Intel shares were down 4.3% after the documents were fi ... ⌘ Read more