Intel Foundry reports 2023 revenue down 31% YoY to $18.9B, operating loss of $7B, up from $5.2B in 2022, and expects 2024 to be the peak of its losses (Ian King/Bloomberg)

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Ian King / Bloomberg:
Intel Foundry reports 2023 revenue down 31% YoY to $18.9B, operating loss of $7B, up from $5.2B in 2022, and expects 2024 to be the peak of its losses  —  Intel Foundry, a new division of the company responsible for its manufacturing operations, had sales of $18.9 billion in 2023 …

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