Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
April 2, 2024 11:44 pm

Intels chipmaking business lost a boatload of billions last year




IT Companies And Products
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 about 30 percent of all its wafer production to other foundries, like TSMC, one of Intel’s biggest competitors currently.


But now Intel has invested in using extreme ultraviolet (EUV)...



Continue reading…




Original Link: https://www.theverge.com/2024/4/2/24119454/intels-chipmaking-business-7-billion-loss

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge