Intel (INTC) Aims Break-Even Margins for Foundry Business by 2027 [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
Intel Corp. (NASDAQ: INTC ) is among the 11 best robotics stocks to buy right now . On March 4, Intel Corp. (NASDAQ:INTC) CFO Dave Zinsner shared that the company is targeting break-even margins for its foundry business by 2027, driven by external customer engagements and new process technologies. Speaking at the Morgan Stanley Technology, Media & Telecom Conference, Zinsner shared that Intel Corp. (NASDAQ:INTC)'s foundry business, which provides end-to-end semiconductor manufacturing services such as design, fabrication, packaging, and testing for external users, is expected to have a meaningful improvement in margins for 2026 compared to last year. At the conference, Zinsner added that Intel Corp. (NASDAQ:INTC) is aiming to set gross margins for its foundry business at around 40% on its path to break even by 2027. However, the executive pointed out that these earnings projections may change if the company decides to notch external achievements for the foundry business, noting tha
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