chip maker

Intel's chip manufacturing division accumulated a $7 billion loss in 2023, up from a $5.2 billion loss in 2022. Although Intel achieved $18.9 billion in revenue in 2023, that figure is down 311 TP3T from last year's $27.49 billion. Intel CEO Pat Gelsinger told investors that these losses are partly a consequence of Intel's past poor decision-making, which resulted in the chip manufacturing business having to outsource about 301 TP3T of its wafer production to other fabs such as TSMC, one of Intel's current competitors. However, now Intel has decided to invest...