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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.
And as a result of that, Intel is not going to pick up any sort of meaningful business.” Intel's place in the chip industry. Its last hope to right a sinking ship has been called into question.
Stacy Smith — an Intel board member who previously worked at the company for nearly 30 years, including as CFO for roughly a decade — was described by the former Intel manufacturing executive ...
Intel both designs and manufactures chips, making it unique in the industry. The company has shed more than $100 billion in value as it struggles to regain its lost lead in manufacturing and ...
Intel's co-CEOs discussed splitting the firm's manufacturing and products businesses Thursday. A separation could address Intel's poor financial performance. It also has political implications.
The publication points to the 2022 Chip Act passed by Congress, and the $8.5 billion in subsidies that the government awarded to Intel to assist it in building new chip factories in Arizona and Ohio.
Intel's fourth quarter sales dropped 6% year over year to $13.3 billion. The quarterly net loss tallied $0.46 a share, worse than the $0.03 per share loss logged a year earlier.
Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia, S&P Dow Jones Indices said on Friday, the latest blow to the struggling chipmaker that was among the ...