Carbon tax protest at Nova Scotia-New Brunswick border | SaltWire #newbrunswick #novascotia #rally - Intel shares fell 5% before the bell on Wednesday, as ballooning losses at its contract chip-making business signaled the company could take years to catch up with the profitability of Taiwan Semiconductor Manufacturing Co..
The U.S. chipmaker's capital investments classified as"construction in progress" totaled $43.4 billion as of Dec. 30, 2023, compared with $36.7 billion a year earlier. CEO Pat Gelsinger said operating losses for its contract chip-making business would peak in 2024 before breaking even by about 2027. It accounted for about 35% of Intel's total net revenue in 2023.
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