Intel shares fall after company reveals $7 billion operating loss in foundry business

Intel shares fell 4% at one point in extended trading on Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, often called a foundry business, in a SEC filing.Intel said that its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That's a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $25.7 billion in sales.This is the first time that Intel has disclosed how much revenue its foun ...