Intel foundry sees $7 billion in losses and doesn't expect to break even until 2027

[Windows Central]

Intel foundry unit reported $7 billion in losses which lead to a share price drop of over 4%. According to Intel's CEO, these losses are partially due to a failure to switch to new machinery.

Intel foundry sees $7 billion in losses and doesn't expect to break even until 2027 : Read more

 

[naddy69]

"Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year."

This should tell you all you need to know. With high performance (and great battery life) Arm PCs right around the corner, Intel is in serious trouble. Not to mention that Intel also lost Apple a few years ago.

"While $7 billion in losses is a massive number to the average person, it's important to remember that this doesn't mean Intel is in a downward spiral."

Actually, yes it does. A $7 billion loss is also a massive number to the above-average person. Plus, when revenue is down 31% you don't have a bright future.

Intel needs to get into the growing business of making Arm CPUs, instead of losing billions building Intel CPUs for a shrinking market. Intel CPUs are a dead end.

 

[Laura Knotek]

"Intel foundry saw a loss of $7 billion in 2023. Intel revenue was also down 31% year-over-year."

This should tell you all you need to know. With high performance (and great battery life) Arm PCs right around the corner, Intel is in serious trouble. Not to mention that Intel also lost Apple a few years ago.

"While $7 billion in losses is a massive number to the average person, it's important to remember that this doesn't mean Intel is in a downward spiral."

Actually, yes it does. A $7 billion loss is also a massive number to the above-average person. Plus, when revenue is down 31% you don't have a bright future.

Intel needs to get into the growing business of making Arm CPUs, instead of losing billions building Intel CPUs for a shrinking market. Intel CPUs are a dead end.

Or get into AI like NVIDIA and AMD.