Connect with us

Hi, what are you looking for?

CrazyFlux.comCrazyFlux.com

Tech News

Intel’s chipmaking business lost a boatload of billions last year

IT Companies And Products
Photo by Jakub Porzycki/NurPhoto via Getty Images

Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a big increase from $5.2 billion it lost in 2022, and while it made $18.9 billion in revenue in 2023, that number is down 31 percent from the $27.49 billion it made the year prior.

However, based on CEO Pat Gelsinger’s comments to investors, the total loss isn’t a total surprise. Gelsinger says these latest numbers are partially the result of Intel’s past mistakes catching up with its foundry business, which caused the chipmaker to outsource about 30 percent of all its wafer production to other foundries, like TSMC, one of Intel’s biggest competitors currently.

But now Intel has invested in using extreme ultraviolet (EUV)…

Continue reading…

You May Also Like

Tech News

The Dbrand Ghost Case for the iPhone 15 Pro. | Image: Dbrand Dbrand is scrapping plans to fix its anti-yellowing Ghost Case, but not...

Editor's Pick

Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run? Well, after a...

Tech News

Illustration by Cath Virginia / The Verge | Photos from Brandon Bell, Getty Images Truth Social, the media firm owned by Donald Trump, has...

Editor's Pick

David Inserra Last month, Instagram users took notice of two features that change how much political content users see on Instagram. However, the rollout...