Intel Reports Widening Losses in Semiconductor Business, General Motors Sees Decline in Vehicle Sales

Intel reported a wider operating loss for its semiconductor manufacturing business, with full-year losses reaching $7 billion. This is the first time Intel has disclosed revenue totals for its foundry business alone.

The company is planning to start an external business to make chips for other companies. General Motors reported a 22.9% decline in first-quarter U.S. vehicle sales, largely due to a drop in sales to fleet customers.

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