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Summary: With an Intel recovery underway, all eyes turn to its foundry business Crunch

1. Intel's third-quarter earnings exceeded expectations with a revenue increase of $800 million, totaling $13.7 billion, and a net income of $4.1 billion, marking a significant reversal from a $16.6 billion loss in the same period last year.

2. Intel secured three large investments totaling $20 billion over the last three months: $2 billion from SoftBank, a 10% equity stake from the U.S. Government worth $5.7 billion so far, and a $5 billion investment from Nvidia.

3. The company's future plans for its foundry business, which makes custom chips for customers, remain unclear despite being a focus of CEO Lip-Bu Tan and a priority for the Trump administration. Tan emphasized that Intel is actively engaging with potential customers and aims to build a world-class foundry in a long-term effort based on trust and customer satisfaction.
Summary
Intel's Q3 earnings surpassed expectations, reporting a $13.7 billion revenue and $4.1 billion net income, significantly reversing a $16.6 billion loss from last year's Q3. The company secured three substantial investments: SoftBank ($2B), US Government equity stake ($5.7B), and Nvidia ($5B).
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ID: 773bdf03-4885-46f6-a303-747be1a580b7

Category ID: listed_summary

URL: https://techcrunch.com/2025/10/23/with-an-intel-recovery-underway-all-eyes-turn-to-its-foundry-business/#summary

Date: Oct. 24, 2025

Notes: 2025-10-24

Created: 2025/10/24 10:42

Updated: 2025/12/07 23:34

Last Read: 2025/10/24 11:03