[wtallis]

"Expenses" and "revenue" are rather fuzzy concepts in this case: Intel's foundry business (as in, Intel manufacturing chips for somebody else) is still mostly aspirational; almost all of the chips they make are Intel chips, and there's a lot of wiggle room for how much of the revenue from selling Intel-branded chips gets assigned to their foundry business vs eg. the Client Computing Group or the Data Center and AI division. If they were reporting Intel Foundry revenue only from outside foundry customers (they're not), then Intel Foundry would never be able to come close to profitability.

[Version467]

not your point at all, but you say almost all of the chips are Intel chips. I was under the impression that literally all of them were Intel chips. Have they started manufacturing chips for others?

[wmf]

Intel has been making a few outside chips on and off for years.