Reported about 9 hours ago
Intel's recent third-quarter earnings exceeded Wall Street expectations, driven by revenue growth and significant investments from SoftBank, the U.S. government, and Nvidia. While the company shows signs of recovery after a series of quarterly losses, its foundry business remains a concern, prompting CEO Lip-Bu Tan to implement layoffs and focus on building trust with potential customers. The Trump administration's investment conditions also stress the importance of maintaining the foundry as part of Intel's long-term strategy.
Source: YAHOO