Intel reported a notable recovery in its financial status, reducing its quarterly loss from $16.6 billion to $126 million in Q4 2024. Though this is an improvement, the overall business performance remains weak, with losses from its chip foundries reaching $13.4 billion over the year. Former CEO Pat Gelsinger’s vision of investing for future growth is being scrutinized amidst calls for potentially spinning off parts of the business. The company is actively restructuring and has reduced its workforce significantly, projecting a plan to reach operational break-even by late 2027 in its foundry sector.
Intel's $16.6 billion quarterly loss has significantly shrunk to $126 million, showing improved performance despite ongoing challenges.
The foundry business, while losing $13.4 billion in 2024, anticipates financial improvements and plans to break even by late 2027.
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