Levi & Korsinsky, a class action attorneys' firm, is calling Intel investors to join a class action suit against the company. The suit alleges that the semiconductor giant failed to properly disclose losses generated by its manufacturing division in January when it reported its 2023 results.
Starting Q1 2024, Intel adopted its so-called 'internal foundry' model, under which its product divisions and external clients would buy manufacturing and packaging services from Intel Foundry, an independent division within Intel. Before Q1 2024, Intel did not report the results of its manufacturing division separately; instead, it only published the results of its Intel Foundry Services unit that sold manufacturing services to external customers.
