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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. If the new entity goes public, a third party can ...
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 ...
While Intel's foundry business grew revenue by only 4% last quarter, TSMC saw its revenue surge by 33% year over year to $20.82 billion. Meanwhile, with demand for its services high, the company ...
Intel's foundry business is central to CEO Pat Gelsinger's turnaround strategy, as the once-chipmaking king attempts to claw back the technological edge that it lost to TSMC, the world's largest ...
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.
(Reuters) -Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major stamp of approval to its money-losing contract manufacturing ...
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.
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.