Intel’s chipmaking business lost a boatload of billions last year

  • Intel’s chipmaking business lost a boatload of billions last year

    Posted by Gatherer  on April 2, 2024 at 8:29 PM

    Photo by Jakub Porzycki/NurPhoto via Getty Images

    Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a big increase from $5.2 billion it lost in 2022, and while it made $18.9 billion in revenue in 2023, that number is down 31 percent from the $27.49 billion it made the year prior.

    However, based on CEO Pat Gelsinger’s comments to investors, the total loss isn’t a total surprise. Gelsinger says these latest numbers are partially the result of Intel’s past mistakes catching up with its foundry business, which caused the chipmaker to outsource

    Visit the Source

    Gatherer  replied 1 week, 4 days ago 1 Member · 0 Replies
  • 0 Replies

Sorry, there were no replies found.

Log in to reply.

Advertisement

New Report

Close