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Wednesday, 04/03/2024 7:17:12 PM

Wednesday, April 03, 2024 7:17:12 PM

Post# of 110152
Intel, for now, is uninvestable.

Intel's New Look. Shares of Intel fell sharply today after the chip maker gave investors a new look at the structure of its business—one that showed larger-than-expected losses in its still-nascent semiconductor foundry business.

The business, which offers chip making capacity to semiconductor companies including Intel itself, is losing more money than analysts had expected, with profitability still years away.

Intel said it expects the fab business to achieve break-even operating margins midway between now and the end of 2030 -- or, roughly 2027. Operating losses in the chip-manufacturing business should peak this year.


Rule #1, Don't lose money. Rule #2, read rule #1. - WB.

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