Intel’s foundry revenue came in at $5.4 billion in the first quarter, up 16% from a year before. The chip maker saw “a lot of tangible progress” in its foundry business during the last quarter, Intel ...

Intel posted first-quarter results far above Wall Street estimates, driven by strong AI-related demand, sending its shares to record highs. The company also secured Tesla as the first major customer ...

Intel reported a first-quarter loss per share of 73 US cents as it incurred more than US$4-billion in restructuring charges.