Intel’s Financial Rebound Shifts Focus to Struggling Foundry Division
Intel reported strong third-quarter results with $4.1 billion in net income, reversing previous losses. The semiconductor giant’s recovery story now centers on whether massive investments from SoftBank, Nvidia, and the U.S. government can finally turn around its struggling foundry operations.
Financial Turnaround Amid Strategic Investments
Intel has reportedly staged a significant financial recovery in the third quarter, with sources indicating the company beat Wall Street expectations through a combination of revenue growth and strategic cost-cutting measures. According to the company’s earnings presentation, Intel posted $13.7 billion in revenue with $4.1 billion in net income, marking a dramatic reversal from the $16.6 billion loss reported during the same period last year.