Intel's foundry business bled $7B in 2023 with more to come

Wednesday April 3, 2024. 11:29 AM , from TheRegister

CEO Gelsinger promises sunny days ahead as he confirms reorg
Revenue at Intel's foundry business declined in 2023, leading to a $7 billion operating loss, and CEO Pat Gelsinger says this year could produce even nastier numbers as he revealed a reorg to help the chipmaker behave more like its rivals.…

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https://go.theregister.com/feed/www.theregister.com/2024/04/03/intel_foundry_losses_reorg/

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