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Intel sells another factory
Quarterly fourth-quarter results, according to the source, prompted Intel to continue its cost-cutting policy. We will remind, recently received information about the sale of a factory located in Israeli Jerusalem, and a little earlier the research center was closed. Now we are talking about the sale of another factory. This time a sad fate befell the production of Fab 23, located in the American city of Colorado Springs. In addition, Intel has released data on capex cuts in 2021.
Let’s remind, Intel’s “dirty” income in the fourth quarter was equal to 9.7 billion. Doll., which is 5% less than a year ago. As for the “net” income, that is, after deducting all expenses, the situation with it is even worse – it is equal to 1.5 billion. Doll., and this is already 39% less than a year ago. If we talk about the volume of sales, then it decreased by 9% compared to 2021, and profits during this period fell by 42%. At the same time, the main contribution to the company’s budget was made by the microprocessor business.
So far, there is no data on the further fate of Fab 23, as well as information about the intended buyer.
I would like to note the determination with which the leading microprocessor manufacturer gets out of the difficult situation in which it found itself under the onslaught of its main competitor. Getting rid of ballast in the form of unpromising divisions, Intel simultaneously invests in the construction of new capacities.
Source: EE Times