Page 9 - Intel Foundry News Today

(RTTNews) - Intel Corp. shares were hit by wider operating loss in its chipmaking unit Intel Foundry for fiscal 2023, and the companys warning th...

Intel announced a new financial reporting structure designed to drive increased cost discipline and higher returns by providing greater transparency, accountability and incentives.

Sales at Intel Foundry, a new division of the company responsible for manufacturing, dropped from $27.5 billion to $18.9 billion

But the US silicon giant says it will still pump $100 billion into its domestic chipmaking plans as part of its long-term turnaround plan.

Shares of Blue Owl Capital Inc. (OWL) are climbing over 6 percent on Wednesday morning following the announcement of a definitive acquisition agreement to acquire Kuvare Insurance Services LPA for $750 million.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Intel has unveiled a financial reporting structure as part of its move to a foundry operating model meant to improve transparency, growth and accountability across the business. Intel Foundry is the technology company's newly created operating segment that includes foundry services, foundry manufacturing and supply chain and foundry technology development, the company said Tuesday.

Crude oil inventories in the U.S. unexpectedly saw another significant increase in the week ended March 29th, according to a report released by the Energy Information Administration on Wednesday.

Bringing Taiwan to the World and the World to Taiwan

Service sector growth in the U.S. unexpectedly slowed in the month of March, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its services PMI dipped to 51.