good question on the foundry. I think the numbers are what they are – full‑year 2025 revenue was $17.8 billion with an operating loss of $10.3 billion, about a ‑58% margin; in the March 2026 quarter the loss was $2.4 billion, an improvement of $72 million from the prior quarter. almost all revenue is internal, external was $174 million, up more than fivefold YoY but still small. 18A is in high‑volume ramp and carries early‑ramp cost, and management says the loss will improve as yields rise, though it’s a long journey. stay tuned.
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