150
Intel discloses $7 billion operating loss for chip-making unit.
(www.reuters.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Apr 2024
150 points (98.1% liked)
Technology
59390 readers
2518 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
This is the best summary I could come up with:
The Technology Roundup newsletter brings the latest news and trends straight to your inbox.
Sign up here.
The original article contains 17 words, the summary contains 17 words. Saved 0%. I'm a bot and I'm open source!
At least you sort of tried.
More words than the “article”… negative savings!
Lemmy.world’s Tl;Dr bot is the worst I’ve ever seen on the internet. Wouldn‘t be surprised if it was made by Intel.
I asked Claude 3 opus to summarize –
Intel disclosed deepening operating losses of $7 billion for its foundry business in 2023, a significant increase from the $5.2 billion in losses the previous year. The company's chipmaking revenue also declined by 31% in 2023, leading to a 4.3% drop in Intel's shares after the SEC filing. CEO Pat Gelsinger expects 2024 to be the worst year for operating losses in the chipmaking business, with the goal of breaking even by 2027. Intel's turnaround plan involves investing $100 billion in chip factories across four U.S. states and persuading outside companies to use its manufacturing services.