Shares of Intel (NASDAQ: INTC) were moving lower today after the chipmaker revealed in a filing that it's losing billions of dollars in its foundry business.

Intel had not previously disclosed those losses in such detail, and the update showed significant challenges in a business that many believe could be a growth opportunity for the company.

As of 11:12 a.m. ET, the stock was down 6.7% on the news.

Continue reading

Source Fool.com