(Reuters) – Semiconductor company Intel disclosed the annual financial results for its foundry business on Tuesday, according to a regulatory filing with the U.S. SEC.
Intel plans to spend $100 billion on building or expanding chip factories in four U.S. states. Its business turnaround plan depends on persuading outside companies to use its manufacturing services.
As part of that plan, Intel told investors it would start reporting the results of its manufacturing operations as a standalone unit.
(Reporting by Priyanka.G in Bengaluru; Editing by Krishna Chandra Eluri)
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