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Intel discloses financials for foundry business
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Intel discloses financials for foundry business
Apr 2, 2024 1:30 PM

April 2 (Reuters) - Semiconductor company Intel ( INTC )

disclosed the annual financial results for its foundry business

on Tuesday, according to a regulatory filing with the U.S. SEC.

Intel ( INTC ) plans to spend $100 billion on building or expanding

chip factories in four U.S. states. Its business turnaround plan

depends on persuading outside companies to use its manufacturing

services.

As part of that plan, Intel ( INTC ) told investors it would start

reporting the results of its manufacturing operations as a

standalone unit.

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