Intel discloses $7 billion operating loss for chip-making unit
The Star Online - Tech·2024-04-03 08:00
(Reuters) -Semiconductor company Intel disclosed increasing operating losses for its foundry business on Tuesday, according to a regulatory filing.
Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $63.05 billion the year before.
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