Page 8 - Intel Foundry News Today

Pat Gelsinger has finally pulled the covers back a bit on its fledgling foundry business.

Analyst maintains Intel with Neutral rating and $42 price target, noting improved laptop CPU share due to Meteor Lake and Raptor Lake refresh, while AMD lacks new CPU. Intel also gained desktop CPU share, and aftermarket retail GPU prices increased. Intel aims for 60% gross margin and 40% operating margin, while Foundry targets 40% gross margin and 30% operating margin long-term, with near-term operating margin at -37%. Focus is on product roadmap execution and margin improvement in Foundry busi...

EFFECTOR Therapeutics, Inc. (EFTR) announced Thursday topline results from the primary analysis of the randomized Phase 2 KICKSTART trial which tested tomivosertib or placebo, each combined with pembrolizumab, as frontline treatment for patients with non-small cell lung cancer (NSCLC) with PD-L1 =50%.

Shares of HubSpot (HUBS) are gaining over 9 percent on Thursday, following a report from Reuters stating that Alphabet, Inc.'s (GOOG) Google is mulling over an acquisition offer for the digital marketing company.

Intel shares moved lower in extended trading Tuesday evening after the chipmaker disclosed a widening loss and declining sales at its foundry business. Monitor these key chart levels.

TECH NEWS News: Intel Foundry faces losses, aiming for profitability by 2030. Gelsinger leads turnaround with financial transparency. Competing with TSMC, AMD, Nvidia

The losses should reach their maximum this year, with a break-even point for Intel Foundry appearing around 2030.

Intel Corp (INTC) is a leading technology company, but stock performance has faced challenges. Analyst sees potential in new segment and long-term targets.

Intel aims to reduce dependance on TSMC as its own process technologies gets more competitive.

Intel Corporation has outlined a new financial reporting structure, aligned with the company’s previously announced foundry operating model for 2024 and beyond.