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HomePC HardwareIntel suffers $7 billion loss in chip manufacturing business

Intel suffers $7 billion loss in chip manufacturing business

Intel is revealing that its chip manufacturing business has made losses of $7 billion during 2023.

Intel suffers $7 billion loss in chip manufacturing business

The chip manufacturing business Intel It does not seem to be obtaining the profits that the company wants, on the contrary, it is generating losses today, and it does not seem that it will obtain those profits for a couple of years, according to the data and forecasts of the company itself. .

Intel reported its chip manufacturing unit had losses of $7 billion in 2023. This figure is a hard setback for the company, which had already generated losses of $5.2 billion in 2022. These figures were due to a fairly significant drop in revenue of 31%, so the manufacturing unit ended up entering 18.9 billion dollars in 2023, contrary to the 27.49 billion dollars it entered in 2022.

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Pat Gelsingerthe CEO of Intel, projected that 2024 It would be the lowest point of the company’s operating losses, but a break-even point would be reached by 2027, where it is assumed that they would stop losing money.

Intel

Let us remember that the company aims to be the second largest chip manufacturer in the world behind TSMC in the coming years, a goal that seems difficult to achieve if it does not begin to generate profits in this segment.

Intel has been investing heavily in technologies like EUV and is also planning to build new factories in four US states. They are also reducing the number of wafers TSMC produces for Intel products from 30% to 20%. It will be seen if these decisions and initiatives will be able to get the company out of these losses. We will keep you up to date with all the news.

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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