05:03 PM EDT, 04/02/2024 (MT Newswires) -- Intel ( INTC ) said Tuesday it will implement a new financial reporting structure that reflects the company's shift to a foundry operating model for transparency and cost savings.

Starting in Q1, the company said it will present segment results through operating segments Intel Foundry; Client Computing Group, Data Center and AI, and Network and Edge under Intel Products; and Altera, Mobileye and other under All Other.

Intel ( INTC ) said it also appointed Lorenzo Flores as chief financial officer of Intel Foundry, effective April 8.

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