Intel manufacturing business will see 'meaningful' revenue in 2027, CFO says

Quick Summary:

Intel will begin to generate a "meaningful" amount of revenue from its contract chip manufacturing business in 2027, the company's CFO said at an investor conference on Wednesday.

The act is allocating billions in grants and other incentives to spur chip manufacturing in the United States.

The company is "not likely to see money" until the end of the year from the U.S.CHIPS Act, Zinsner said.

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Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Wednesday Chip Manufacturing Company Revenue 2027 Generate Business 2024 Zinsner Intel

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 03:37:14 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 312 words

Reading Time: 2 minutes read

Sentences: 15 lines

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