Intel slides as foundry business loss spotlights wide gap with rival TSMC
Intel expects the foundry business to have a gross margin of about 40% by 2030, which would still trail the 53% margin TSMC reported for the fourth quarter of 2023.
At T$625.5 billion ($19.52 billion) in just the final three months of the 2023, TSMC's revenue is also much larger than the $18.9 billion in sales Intel's foundry unit had in 2023.
"The incumbents' geographic and talent advantages, as well as their established rolodex of tier-1 customers, have jolted investor confidence in Intel's foundry prospects," said Parv Sharma, a senior analyst at research firm Counterpoint...Read More
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Jun 20, 2024