Intel (INTC) Reshapes Financial Structure for Foundry Business

Intel Corporation (INTC) recently revealed its initiatives to revamp its financial reporting structure, reflecting the company’s transition to a foundry operating model. This strategic move is geared toward driving cost discipline, enhancing profitability and creating value for shareholders in the rapidly evolving semiconductor market.Effective from the first quarter of 2024, the new reporting framework is designed to provide more clarity and transparency regarding the company's operating segments and finan ...