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Bookmark or Share- Intel Foundry unit posts $2.5bn operating loss for Q1 2024Intel has reported a net revenue loss of $400 million in the first quarter of 2024, with the company’s Foundry business unit continuing to experience a significant downturn. A month after the newly carved out business unit reported $7 billion in operating losses in 2023, on April 25 Intel Foundry reported a $2.5bn operating loss during the ...
- Intel slides as analysts bemoan lack of execution in AI, foundry - MSNThe Network and edge segment generated $1.4B, while the company's foundry segment saw revenue decline 10% year-over-tear to $4.4B. For the coming second-quarter, Intel expects revenue to be ...
- Intel slides as analysts bemoan lack of execution in AI, foundryThe Network and edge segment generated $1.4B, while the company's foundry segment saw revenue decline 10% year-over-tear to $4.4B. For the coming second-quarter, Intel expects revenue to be ...
- Intel stock slips after $400M loss and poor outlook for Q2The Foundry group saw revenues decline 10 percent year over year in Q1 to $4.4 billion. Zinsner said he expects startup costs associated with the company's dash to bring five process nodes to market in four years to peak in 2024. He warned investors that Foundry's road to growth would be a long one, as the group looks to expand beyond servicing ...
- Jack Dorsey’s payments company, Block, is building its own bitcoin ...Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system. In a post Tuesday ...
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