Intel Faces Financial Challenges Amidst Competitors and Targets for 2030
Saturday, 6 April 2024, 07:25
Intel's Financial Struggles
Shares of Intel plunged 8% as the company reported significant operating losses in its foundry division.
Company's Bold Targets for 2030
- Adjusted gross margin: Aiming for 60% by 2030
- Adjusted operating margin: Targeting 40% by then
Despite Intel's ambitions, investors should remain cautious due to challenges in catching up with competitors.
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