Intel warns of tough quarter but sees foundry orders ramping up in 2nd half

Chipmaker's stock plunges over 10% after earnings announcement

U.S. chipmaker Intel reported $13.7 billion in revenue, down 4% on the year, for the October-December quarter. © Reuters

YIFAN YU

January 23, 2026 09:36 JST

PALO ALTO, U.S. -- Intel will see more certainty from contract chipmaking clients in the second half of 2026, helping it bring its struggling foundry business up to speed, the company said Thursday.