Company Profile
Intel Corporation is a global technology leader known for developing and manufacturing essential technologies that serve as the foundation of computing. As of December 28, 2024, Intel has continued to reshape the landscape of semiconductor innovation, focusing on advanced process technology and leading-edge product design across a diverse range of applications and sectors.
Intel operates through multiple segments including Intel Products (which houses client computing, data center, and network platforms), Intel Foundry, and other segments that encapsulate emerging and evolving business strategies. The company is based in the United States with facilities and operations across various international markets.
Its business strategy is focused on IDM 2.0 (Integrated Device Manufacturing), an approach that combines internal manufacturing, external foundry use, and Intel Foundry Services (IFS) to regain process leadership and deliver advanced semiconductor solutions.
With decades of leadership, innovation, and impact, Intel stands at the crossroads of computing and intelligence, driving progress in AI, networking, autonomous driving, and other frontier technologies. Intel has demonstrated long-standing resilience and vision, enabling digital transformation at a global scale.
Products and Services
Intel’s product and service offerings span a wide spectrum of technology solutions, reflecting its focus on performance, energy efficiency, and adaptability across computing domains:
1. Client Computing Group (CCG):
- Desktop and notebook platforms
- Intel Core and Intel Evo processors
- Integrated graphics processors
- Connectivity solutions (Wi-Fi, Bluetooth)
- Intel vPro technology for business-class performance
- AI-enhanced PC experiences
2. Data Center and AI (DCAI):
- Xeon processors (Scalable and Efficient Core)
- AI acceleration (Gaudi accelerators)
- OneAPI open software ecosystem
- High-performance computing infrastructure
- Cloud-scale server platforms
- Power-optimized and compute-dense systems for AI workloads
3. Network and Edge (NEX):
- Network infrastructure processors
- Edge computing solutions (software and hardware)
- Open and programmable 5G platforms
- Software-defined networking
- Edge AI deployment and analytics
4. Intel Foundry Services (IFS):
- Custom silicon manufacturing with flexible engagement models
- Advanced packaging (Foveros, EMIB)
- Test and assembly services
- Global manufacturing footprint including Intel 3, Intel 20A, and Intel 18A
- Design ecosystem partnerships with EDA and IP providers
5. Mobileye:
- Advanced driver-assistance systems (ADAS)
- Self-driving system-on-chips (SoCs)
- REM (Road Experience Management) mapping technology
- EyeQ series of processors
- Collaboration with OEMs and Tier 1s
6. IMS Nanofabrication:
- Multi-beam mask writing systems
- Enabling extreme ultraviolet (EUV) lithography
- Driving next-generation semiconductor patterning
Board of Directors
As of March 27, 2025, Intel’s Board of Directors comprises individuals with deep expertise in technology, finance, healthcare, and academia. The members include:
- Frank D. Yeary (Chair) – Principal, Darwin Capital Advisors, LLC
- Lip-Bu Tan – Chief Executive Officer
- James J. Goetz – Partner, Sequoia Capital
- Andrea J. Goldsmith – Dean and Professor of Engineering, Princeton University
- Alyssa H. Henry – Former CEO, Square (Block, Inc.)
- Dr. Omar Ishrak – Former CEO, Medtronic PLC
- Dr. Risa Lavizzo-Mourey – Professor Emerita, University of Pennsylvania
- Dr. Tsu-Jae King Liu – Dean of Engineering, UC Berkeley
- Eric Meurice – Former CEO, ASML Holding N.V.
- Barbara G. Novick – Co-Founder, BlackRock
- Steve Sanghi – Former CEO, Microchip Technology Inc.
- Gregory D. Smith – Former CFO, Boeing
- Stacy J. Smith – Executive Chairman, Kioxia Corporation
- Dion J. Weisler – Former CEO, HP Inc.
This distinguished board provides strategic oversight and governance, driving Intel’s long-term objectives and technological leadership.
Subsidiaries
Intel owns and operates numerous subsidiaries that enhance its core competencies and strategic focus. Notable subsidiaries include:
- Mobileye Global Inc. – A pioneer in autonomous driving and ADAS technologies. Mobileye’s EyeQ SoCs and REM mapping technology enable the development of safe and scalable autonomous vehicles.
- IMS Nanofabrication – A leader in multi-beam mask writers essential to EUV lithography, IMS drives semiconductor manufacturing innovation.
- Habana Labs – Specializing in AI training and inference processors, enabling data centers to optimize compute performance and efficiency.
- Granulate Cloud Solutions – Real-time continuous optimization platform for cloud infrastructure, boosting performance and reducing costs.
In 2023, Intel sold minority stakes in IMS Nanofabrication to Bain Capital Special Situations and TSMC, reflecting a capital recycling strategy while retaining control and strategic influence.
Intel’s organizational strategy incorporates both majority and minority-controlled entities under the variable and voting interest models, ensuring strategic alignment and financial consolidation when necessary. These subsidiaries bolster Intel’s capabilities across AI, autonomous mobility, cloud optimization, and advanced manufacturing technologies.
Financial Overview
Consolidated Profit and Loss (Income Statement)
(In millions, for the year ended December 28, 2024)
- Net revenue: $53,101
- Cost of sales: $35,756
- Gross margin: $17,345
- Operating expenses: $29,023
- Research and development: $16,546
- Marketing, general and administrative: $5,507
- Restructuring and other charges: $6,970
- Operating income (loss): $(11,678)
- Interest and other income (expense): $468
- Income (loss) before taxes: $(11,210)
- Provision for taxes: $8,023
- Net income (loss): $(19,233)
- Net income attributable to Intel: $(18,756)
- Earnings (loss) per share (EPS) basic and diluted: $(4.38)
Consolidated Balance Sheet Highlights (In millions)
- Cash and cash equivalents: $7,023
- Short-term investments: $20,515
- Accounts receivable: $5,716
- Inventories: $12,121
- Total current assets: $51,137
- Property, plant, and equipment, net: $101,468
- Total assets: $185,783
- Accounts payable: $5,857
- Accrued compensation and benefits: $2,701
- Accrued advertising and promotional: $408
- Deferred income: $2,088
- Other liabilities: $6,910
- Short-term debt: $5,064
- Long-term debt: $49,672
- Total liabilities: $85,765
- Total stockholders’ equity: $100,018
Consolidated Cash Flow Statement Highlights
- Net cash provided by operating activities: $11,785
- Net cash used in investing activities: $(22,235)
- Additions to property, plant and equipment: $(24,093)
- Purchases of investments: $(7,171)
- Proceeds from sales and maturities of investments: $10,142
- Net cash provided by financing activities: $2,206
- Proceeds from issuance of long-term debt: $11,332
- Repayment of debt: $(4,236)
- Payment of dividends to stockholders: $(3,003)
- Net decrease in cash and cash equivalents: $(8,244)
These figures underscore Intel’s significant investments in capital infrastructure and R&D, aligned with its IDM 2.0 strategy. Despite posting a net loss for 2024, Intel remains committed to long-term innovation, capacity expansion, and shareholder value through sustainable investments and foundational technologies.
Research and Development Strategy
Intel spent over $16.5 billion on R&D in 2024. Its innovation goals focus on:
- Advanced node development (Intel 3, 20A, 18A)
- Next-gen technologies (RibbonFET, PowerVia)
- AI platforms and software (Gaudi, OpenVINO)
- Chip packaging (Foveros, EMIB)
- Quantum and neuromorphic research
The company collaborates globally with academic and industrial partners to maintain leadership in semiconductor innovation.
Geographic Expansion
Intel has significantly expanded its geographic presence as part of its long-term strategic plan to build a more resilient and balanced global semiconductor supply chain. The company’s geographic footprint includes advanced R&D centers, design facilities, and fabrication plants strategically located across North America, Europe, Asia, and Israel.
Key highlights of Intel’s geographic expansion strategy include:
1. United States
Intel continues to expand its U.S. manufacturing base. Notably:
- Arizona: Major site for Intel 20A and Intel 18A process nodes with new fabs under construction.
- Ohio: A multi-billion-dollar investment to develop two new leading-edge fabs in the “Silicon Heartland,” expected to be operational by 2026.
- Oregon: Home to Intel’s D1 development facility, responsible for advanced node R&D and prototyping.
- New Mexico: Site of significant investment in advanced packaging technologies including Foveros.
2. Europe
In alignment with the European Chips Act, Intel announced large-scale investments:
- Germany: New mega-fab site in Magdeburg, supported by EU and federal funding, set to become a central manufacturing hub in Europe.
- Ireland: Ongoing expansion of the Leixlip campus with advanced process capabilities to support global demand.
- Poland: Expansion of backend manufacturing and design operations to enhance supply chain agility in Eastern Europe.
3. Israel
Intel’s Israeli operations are a cornerstone of its global R&D and product development strategy:
- Haifa: A major center for chip architecture and validation.
- Kiryat Gat: Home to one of Intel’s most advanced fabs producing leading-edge chips.
- Mobileye’s headquarters: Central to Intel’s autonomous driving innovation, with advanced product testing and development.
4. Asia-Pacific
While Intel uses third-party foundries in Asia, it also maintains critical operational infrastructure:
- Vietnam: A large assembly and test facility contributing to Intel’s global output.
- Malaysia: Packaging and testing operations with strategic importance to Intel’s backend capacity.
- India: Bangalore is a key site for chip design, validation, and software development. Intel’s R&D center here is one of the largest outside the U.S.
5. Latin America and Canada
These regions serve as satellite R&D and sales locations, contributing to Intel’s go-to-market strategy and regional innovation efforts.
Intel’s geographic expansion is motivated by several imperatives:
- Reducing supply chain risks and increasing geopolitical diversification
- Aligning with regional economic and industrial policy frameworks
- Accessing global talent pools and technology ecosystems
- Meeting local customer and regulatory demands efficiently
Through these initiatives, Intel aims to restore balance in global semiconductor production and become a reliable partner for governments, industries, and consumers worldwide.
