Intel Shares Fall After Revealing Financials for Foundry Business

Business أخبار

Intel Shares Fall After Revealing Financials for Foundry Business
IntelSharesFall

Intel shares dropped over 4% in extended trading as the company disclosed financials for its foundry business, reporting an operating loss of $7 billion in 2023. This is the first time Intel has revealed revenue totals for its foundry business alone.

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 20 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 51%

Intel shares fell more than 4% in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in a SEC filing. Intel said its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That's a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $25.7 billion in sales.

This is the first time that Intel has disclosed revenue totals for its foundry business alone. Historically, Intel has both designed its own chips as well as done its own manufacturing, and reported final chip sales to investors. Other American semiconductor companies such as Nvidia and AMD design their chips but send them off to Asian foundries — often Taiwan's TSMC — for manufacturin

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

NBCPhiladelphia /  🏆 569. in SA
 

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Intel Shares Fall as Company Reports Loss in Foundry BusinessIntel Shares Fall as Company Reports Loss in Foundry BusinessIntel reveals financials for its foundry business, reporting an operating loss of $7 billion in 2023 on sales of $18.9 billion. This is the first time Intel discloses revenue totals for its foundry business alone.
اقرأ أكثر »

Intel shares fall after company reveals $7 billion operating loss in foundry businessIntel shares fall after company reveals $7 billion operating loss in foundry businessIntel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion.
اقرأ أكثر »



Render Time: 2025-01-16 16:56:12