Intel slides as foundry business loss spotlights wide gap with rival TSMC

Intel slides as foundry business loss spotlights wide gap with rival TSMC

Intel slides as foundry business loss spotlights wide gap with rival TSMC - Oops!Something went wrong.Please try again later. (Reuters) - Intel shares fell 5% before the bell on Wednesday, as ballooning losses at its contract chip-making business signaled the company could take years to catch up with the profitability of Taiwan Semiconductor Manufacturing Co.. Disclosing new financials details for its foundry unit on late Tuesday, Intel said the business posted operating losses of $7 billion in 2023 compared with …