Headline: Intel's Chip-Making Unit Posts $7 Billion Operating Loss
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On April 2, Intel disclosed that its chip manufacturing unit endured "$7 billion in operating losses for 2023," Reuters reports. The year before, the unit had operating losses of $5.2 billion. Revenue for 2023 was $18.9 billion, a 31% decline from the prior year. Intel shares dropped 4.3% after the disclosure.
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