Intel shares fell 4% in extended trading after the company reported that full-year operating losses for its semiconductor manufacturing business widened to $7 billion from the $5.2 billion loss reported in 2022. This is the first time that Intel has disclosed revenue totals for its foundry business alone. Intel has historically designed and manufactured its own chips, and only reported final chip sales to investors. Intel has been pitching investors a plan where it would also start an external business to make chips for other companies.
Intel shares fell 4% in extended trading after the company reported that full-year operating losses for its semiconductor manufacturing business widened to $7 billion from the $5.2 billion loss reported in 2022. This is the first time that Intel has disclosed revenue totals for its foundry business alone. Intel has historically designed and manufactured its own chips, and only reported final chip sales to investors.
Intel has been pitching investors a plan where it would also start an external business to make chips for other companies
Intel Shares Fall Operating Losses Semiconductor Manufacturing Revenue Foundry Business Chips
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