Intel Exceeds Guidance, Shares Surge

This is a news story, published by Yahoo Finance, that relates primarily to Pat Gelsinger news.

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Intel Foundry Sales

Yahoo Finance

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Intel CEO calls TSMC an 'awesome' company, says the company is still waiting for CHIPS Act money

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Intel CEO Pat Gelsinger : "This was a critical quarter for us and I think gives optimism for what is to come" The company reported a $5.8 billion operating loss at Intel Foundry — Intel 's upstart chipmaking business — on $4.4 billion in sales.

Management promised to continue executing on a $10 billion cost-cutting plan.

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English

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