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Intel discloses $7 billion operating loss for chip-making unit, ET Telecom

Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before. ....

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intel chip-making unit loss: Intel discloses $7 billion operating loss for chip-making unit

Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before. ....

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Why Intel Stock Slumped on Tuesday

The semiconductor specialist followed the broader market lower, and a Wall Street analyst added insult to injury. ....

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Intel jumps to 17-month high after Mizuho analyst upgrade, Telecom News, ET Telecom

Mizuho upgraded Intel s stock to "buy" from "neutral" and raised its price target on the shares to $50 from $37. Intel shares rose as high as $43.39, the highest since June 2022, and closed up 6.7% to $43.35 on Thursday. The stock has now gained 64% year-to-date. ....

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Chip Maker Intel Beats Earnings Expectations As It Pursues Rivals

Intel shares jumped more than 8 percent to $35.14 in after-market trades. ....

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