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Intel’s still-nascent foundry business, which both produces chips for Intel and is designed to act as a contract manufacturer for third parties, continues to be a drag on its overall revenue ...
The foundry aims to build a contract manufacturing business for other chip designers. Due to the sensitive, competitive intellectual property coming from clients into that business, separation is key.
However, its foundry losses obscure the lower valuation of Intel's underlying core business. In 2024, Intel's product segment generated $13.1 billion in operating income, which would equate to EPS ...
Intel's long-term commitment to foundry has also recently been called into question. The company began its massive push toward opening up its manufacturing business to external customers under CEO ...
Disclosing new financials details for its foundry unit on late Tuesday, Intel said the business posted operating losses of $7 billion in 2023 compared with $5.2 billion in 2022.
That means Intel can’t simply cut its foundry business loose and go fabless if it wants to hold on to that CHIPS money. But moving forward with the foundry model could be difficult.
Intel’s foundry services. Intel is also battling for position as a chip manufacturer for third-party clients. The plan is for the company’s foundry business to operate as a subsidiary of Intel ...
Analysts from Citi, KeyBanc, Raymond James, and others say Intel should spin off or divest its foundry business, but it has to maintain a 50.1% stake to keep its CHIPS Act funding.