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

Intel reported a strong third-quarter performance with $13.7 billion in revenue and $4.1 billion in net income, marking a significant improvement from its previous losses. The company’s recovery is attributed to substantial investments totaling $20 billion from SoftBank ($2 billion), the U.S. government (a 10% equity stake worth $5.7 billion so far), and Nvidia ($5 billion). Intel also benefited from selling its stakes in Altera and Mobileye, adding further financial stability. CEO Lip-Bu Tan highlighted these actions as crucial for operational flexibility and strategic positioning. Despite the positive results, details on future plans for Intel’s foundry business were limited.