this post was submitted on 02 Nov 2024
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Intel lost $16.6 billion in Q3, reports $13.3 billion in revenue (www.tomshardware.com)
submitted 1 month ago by yogthos@lemmygrad.ml to c/technology@lemmygrad.ml
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[–] blame@hexbear.net 11 points 1 month ago (2 children)

This is because they are pivoting towards being a foundry and tooling up a foundry is probably one of the most expensive things you can possibly do.

[–] lorty@lemmygrad.ml 5 points 1 month ago

Considering they are considering selling their foundry business, I'm not sure that follows.

[–] JucheStalin@lemmygrad.ml 4 points 1 month ago

I'm willing to bet there were significant losses with respect to the factory in Israel as well, though. Plus their chips are falling out of favor due to repeated disasters.