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Intel just saw its first profit in nearly two years.
While we wait to see if Intel’s all-important 18A Panther Lake chips make a dent, the company is temporarily back in black, thanks to $5.7B of the money Trump used to shake down Intel for a stake, $5.2B from selling Altera, and $2B from Softbank. Foundry is still losing money.
1/3See a couple more slides at right, full presentation here.
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