Phoenix, Arizona Local News

Intel's foundry business suffers massive losses

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The microchip maker, which is in the midst of a $20 billion expansion in Arizona’s East Valley, is nonetheless upbeat on its foundry business prospects, with CEO Pat Gelsinger saying ‘2024 is the trough for foundry operating losses.’

Anthony Duignan-Cabrera

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Intel's foundry business suffers massive losses

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Intel's foundry business suffers massive losses

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