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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
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Intel Foundry sales rise, losses narrow as company unveils major cost-cutting plan

Intel Foundry sales rise, losses narrow as company unveils major cost-cutting plan

Intel reported first-quarter revenue of US$12.67 billion, a 0.4% decline from the previous year, with a gross margin of 36.9% compared to 41.0% in the first quarter of 2024. Operating income fell 71.8% to US$301 million. Intel’s research and development expenses dropped significantly by 17% to US$3.64 billion, reflecting cost-cutting measures.

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