Intel Foundry operating losses down QoQ, with chipmaker claiming 14A customer announcements are coming soon
Intel's shares sink 20 percent after it says deadly explosion at server chip plant in Israel to reduce revenues by $600m
The company says the accident will cost about $300 million in fourth-quarter revenue and 200 basis points of gross margin and expects a similar revenue impact in the first quarter .
The guidance could test confidence in a stock that has more than doubled this year, as investors weigh ongoing manufacturing constraints and soft PC demand against strong demand for its AI server...
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