Intel (INTC) stock falls following disclosure of $7 billion operating loss in 2023 foundry business
Intel's foundry business showed an increase in losses year-over-year.
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Intel's foundry business showed an increase in losses year-over-year.
The Intel company's earnings-per-share guidance was also lower than expectations despite beats on both this quarter.
Intel shareholders will be happy to see the company's revenue and earnings figures from the latest quarter.
Here's how you can listen to the Intel (INTC) Q4 2023 financial results.
Intel was able to comfortably beat financial expectations through cost-cutting efforts.
Intel reported better than expected results for its Q2 2023 earnings.
Taiwan Semi lowered guidance for Q3 2023, and the entire semiconductor sector suffered as a result.
Intel was denied 10 billion Euros in requested funding on top of the 6.8 billion that the German government already been approved for its Magdeburg fabrication plant.
After a rough start to its fiscal 2023, Intel has confirmed rumors that it is planning layoffs and budget cuts in the near future.
Tesla has engaged in a price war in China with several EV manufacturers that are utilizing Mobileye technology.