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Intel reports wider operating loss for foundry business

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Intel reported a larger operating loss for its semiconductor manufacturing business, commonly called the foundry business, according to CNBC.

The foundry business posted a $7 billion operating loss in 2023 on sales of $18.9 billion.

Its loss was $5.2 billion in 2022 on $27.5 billion in sales.

Read more from CNBC.

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