Intel said Wednesday it was providing more transparency into its manufacturing arm as the chip maker focuses on making its foundry business more competitive.
Intel Corp. said Wednesday it was providing more transparency into its manufacturing arm as the chip maker focuses on making its foundry business more competitive against giants like Taiwan Semiconductor Manufacturing Co.
Intel Chief Financial Officer David Zinsner said during a webinar with analysts Wednesday that the chip maker will start giving its manufacturing business its own profit and loss statement as it moves to become competitive in the third-party fab sector.Intel margins have been under fire since they have fallen well below the 51% to 53% margins range, Zinsner promised more than a year ago. In its April earnings report, Intel reported gross margins of 38.4%, down from 53.1% in the year-ago period.
Earlier Wednesday, before the event, Intel announced it would sell a roughly 20% stake in its IMS Nanofabrication GmbH business to Bain Capital for about $4.3 billion.
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