On Tuesday, California federal district Judge Trina Thompson approved [PDF] Intel's motion to dismiss the case after determining that the plaintiffs had misattributed a $7 billion loss, reported in April, to Intel Foundry Services (IFS) rather than its internal factory operations.

Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day.

A U.S. District judge has rejected claims from Intel’s shareholders that Intel moved too slowly to reveal losses in its foundry business. Intel has had