Search results
Results from the WOW.Com Content Network
The Intel Foundry business brought in $4.5 billion, in line with expectations. Intel’s Client Computing business, which includes chips for PCs, saw revenue of $8 billion versus expectations of ...
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.
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.
Image source: The Motley Fool. Intel (NASDAQ: INTC) Q3 2024 Earnings Call Oct 31, 2024, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...
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 ...
Intel expects the foundry business to have a gross margin of about 40% by 2030, which would still trail the 53% margin TSMC reported for the fourth quarter of 2023.
Intel’s management has also failed to prove that it can effectively run a foundry. Intel offered foundry services to the industry for two decades, never building a successful business.
If the company spins off its foundry business, it has to hold on to at least 50.1% of the voting rights of the entity if it’s a private company. ... That means Intel can’t simply cut its ...