Intel Corp., revealing new details about its manufacturing operations, said that losses have deepened at the chipmaker’s factory network, and the business may not reach a break-even point for several years.
He’s breaking out the results from the factory network as a step toward having it operate more independently. The company expects 2024 to be the peak of its losses and that Intel Foundry will be profitable, on an operating level, “midway between now and the end of 2030.”Intel’s push into outsourced chip production — known as the foundry industry — is one of its most significant transformations in history.
It will also allow the company to win orders from competitors, something that will provide as much as $15 billion in sales by the end of 2030, Gelsinger said. Though it doesn’t yet have the revenue of TSMC, its sales more than doubled last year — and another stratospheric gain is projected for this year.