> Intel made, what 10 billion in PROFITS last year? With a "B". And times have been semi-lean the last few years. There are multiple measures of profit, but no

> Intel made, what 10 billion in PROFITS last year? With a "B". And times have been semi-lean the last few years. There are multiple measures of profit, but none of them are $10B. Per the 10-K for 2022, Intel's operating income was $2.3B and their net income was $8B. Net Income was higher than Operating Income because Intel had gains in equity holdings, interest payments, and favorable tax treatment. Put another way, 3/4 of the year's bottom line profitability was not from building and selling things. It should also be noted that almost all of their profits were in Q1. Q2 and Q4 actually had negative income (both operational and net). A big part of that is due to aggressive investments in advancing their fab capabilities (which is a multiyear process that wont deliver much outside the lab until 2024/25).