Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.
Intel shares fell more than 4% in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, often called a foundry business, in a SEC filing. That's a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $25.7 billion in sales.
Intel has been pitching investors under CEO Patrick Gelsinger on a plan where it would continue to make its own processors, but would also start an external foundry business to make chips for other companies. Intel's role as one of the only American companies doing cutting-edge semiconductor manufacturing on American soil was a big reason why it secured nearly $20 billion in CHIPS act funding last month.
Intel said its newly-organized Products division, which mainly consists of processors for PCs and servers, reported $11.3 billion in operating income on $47.7 in sales in 2023.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
March Madness expected to pump nearly $18 million into Boston economyFor the first time since 2018, Boston will host three NCAA men's basketball games — the East region’s Sweet Sixteen and Elite Eight rounds — at TD Garden this week. As fans descend on the city, Boston tourism officials welcome what they believe will be a boost to the region's economy.
Weiterlesen »
José Andrés Just Shared His Top Kitchen Picks at Amazon, and Prices Start at Only $18Celebrity chef José Andrés just shared his top picks at Amazon, and his recommendations include everything from a Ninja blender set to a stunning stone mortar and pestle. Shop his six favorite Amazon kitchen items, starting at just $18.
Weiterlesen »
U.S. DOE Announces $18 Million Towards Clean Energy & Economic Development in 30 Historically Disadvantaged CommunitiesClean Tech News & Views: EVs, Solar Energy, Batteries
Weiterlesen »
Amazon’s 6 Best-Selling Lightweight Cardigans Are Perfect for Spring, and Prices Start at $18Amazon is overflowing with lightweight spring cardigans, and these are the six best styles to add to your cart. Browse through comfortable best-selling sweaters starting at $18 in time for the season.
Weiterlesen »
A Shopper’s Hair Grew 2 Inches After Using This $18 Rosemary Hair OilWeleda’s Rosemary Condition and Shine Hair Oil has thousands of five-star ratings on Amazon and scientifically-backed benefits for promoting hair growth. Shop it for $18 on Amazon.
Weiterlesen »
These $18 Jeans From a Priyanka Chopra-Worn Brand Are the Best Deal on Amazon TodayThe Gloria Vanderbilt Amanda Pull-On Jeans are on sale for the Amazon Big Spring Sale for just $18. Available in 10 washes, shoppers say the comfy jeans fit like a glove and feel like pajamas.
Weiterlesen »