Intel says its factories are money losers but promises a big turnaround; stock slides anyway

An Intel employee in a white bunnysuit looks into a manufacturing tool under bright factory lights.

At work inside Intel's D1X research factory in Hillsboro.Intel photo

Intel said Tuesday that its manufacturing business lost nearly $7 billion last year, the first time the company has detailed the financial performance of its factory operations as their own business unit.

Intel is banking on a big rebound as it expands into contract manufacturing, making computer chips for other tech companies, a segment it calls Intel Foundry. Intel began reporting financial results for its factories Tuesday as a step toward helping the company – and investors – evaluate how its factory network is performing.

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