Intel shares fall after company reveals $7 billion operating loss in foundry business

(CNBC) Intel says its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That’s a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $27.5 billion in sales. This is the first time that Intel has disclosed revenue totals for its foundry business alone.

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