Intel Grapples with Multi-billion Dollar Loss in Its Foundry Division
Wednesday, 3 April 2024, 16:38
Intel's foundry won't be its savior
Intel reported a loss of $7 billion in its foundry division and struggles to turn a profit, presenting a significant obstacle to overall company performance. The update signifies substantial challenges in the semiconductor business, hindering Intel's growth potential.
Part of a larger problem
Despite ambitious plans to reach breakeven by 2027, Intel faces tough competition from fabless competitors and skepticism from investors. The stock's decline reflects concerns over the company's ability to navigate the turbulent semiconductor landscape.
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