Intel Reports $7 Billion Operating Loss for Foundry Business in 2023

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 14 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

Business Nachrichten

Intel,Shares,Fell

Intel shares fell Wednesday after the company disclosed long-awaited financials in an SEC filing for its semiconductor manufacturing, or foundry, business, revealing an operating loss of $7 billion in 2023. It was the first time Intel had reported revenue totals for its foundry arm alone, separating it from the products business. Intel said Tuesday that it expects its foundry losses to peak in 2024 and break even halfway between the current quarter and the end of 2030.

Intel shares fell Wednesday after the company disclosed long-awaited financials in an SEC filing for its semiconductor manufacturing, or foundry, business, revealing an operating loss of $7 billion in 2023.

It was the first time Intel had reported revenue totals for its foundry arm alone, separating it from the products business. Intel said Tuesday that it expects its foundry losses to peak in 2024 and break even halfway between the current quarter and the end of 2030.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 545. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Intel Reports $7 Billion Operating Loss for its Foundry Business in 2023Intel shares fell Wednesday after the company disclosed long-awaited financials in an SEC filing for its semiconductor manufacturing, or foundry, business, revealing an operating loss of $7 billion in 2023. It was the first time Intel had reported revenue totals for its foundry arm alone, separating it from the products business.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Intel shares dip after company reports $7 billion operating loss in foundry businessIntel shares fell 7% Wednesday after the company disclosed long-awaited financials for its foundry business, revealing an operating loss of $7 billion in 2023.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Intel shares dip after company reports $7 billion operating loss in foundry businessIntel shares fell 7% Wednesday after the company disclosed long-awaited financials for its foundry business, revealing an operating loss of $7 billion in 2023.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »