{"id":1926,"date":"2024-04-02T20:50:56","date_gmt":"2024-04-02T20:50:56","guid":{"rendered":"https:\/\/stoxpo.com\/?p=1926"},"modified":"2024-04-02T20:50:57","modified_gmt":"2024-04-02T20:50:57","slug":"intels-foundry-business-reports-soaring-operating-losses-revenue-decline","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/04\/02\/intels-foundry-business-reports-soaring-operating-losses-revenue-decline\/","title":{"rendered":"Intel’s Foundry Business Reports Soaring Operating Losses, Revenue Decline"},"content":{"rendered":"\n

Chip Giant’s Struggles Highlight Challenges in Semiconductor Manufacturing<\/h4>\n\n\n\n

Intel (INTC), the renowned semiconductor company, revealed concerning figures regarding its foundry business in a recent filing with the U.S. Securities and Exchange Commission. According to the disclosure, Intel’s manufacturing unit faced a substantial increase in operating losses, totaling $7 billion for the year 2023, compared to $5.2 billion the previous year. Additionally, the unit’s revenue plummeted by 31% to $18.9 billion in 2023, down from $63.05 billion in the preceding year.<\/p>\n\n\n\n

Following the filing, Intel’s shares experienced a 2% decline, reflecting investor apprehension regarding the company’s performance. Despite these challenges, Intel remains committed to its ambitious plans, earmarking $100 billion for the construction and expansion of chip factories across four U.S. states. The success of Intel’s turnaround strategy hinges on enticing external companies to utilize its manufacturing services, a pivotal step in reclaiming its competitive edge against primary rival Taiwan Semiconductor Manufacturing Co.<\/p>\n\n\n\n

To enhance transparency and accountability, Intel intends to report the results of its manufacturing operations as a standalone unit, underscoring its dedication to revitalizing its position in the semiconductor market.<\/p>\n\n\n\n

You might like this article:Bitcoin Slumps as Treasury Yields Rise and Dollar Strengthens<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chip Giant’s Struggles Highlight Challenges in Semiconductor Manufacturing Intel (INTC), the renowned semiconductor company, revealed concerning figures regarding its foundry business in a recent filing with the U.S. Securities and Exchange Commission. According to the disclosure, Intel’s manufacturing unit faced a substantial increase in operating losses, totaling $7 billion for the year 2023, compared to […]<\/p>\n","protected":false},"author":1,"featured_media":1735,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[361,312],"tags":[],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1926"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=1926"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1926\/revisions"}],"predecessor-version":[{"id":1927,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/1926\/revisions\/1927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1735"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=1926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=1926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=1926"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=1926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}