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Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'
"There are no more blank checks. Every investment must make economic sense," Tan wrote.
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cnbc.com
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Intel beats on revenue, slashes foundry investments as CEO says 'no more blank checks'
"There are no more blank checks. Every investment must make economic sense," Tan wrote.
- ·
Intel drops 9% as chipmaker's foundry business axes projects, struggles to find customers
Intel's stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its struggling business.