News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 72%

Business Noticias

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 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.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, which reported $11.3 billion in operating income in 2023. 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 203

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: CNBC - 🏆 12. / 72 Leer más »

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.
Fuente: NBCLA - 🏆 319. / 59 Leer más »