Intel Company Profile

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Company Profile

by Faulkner Staff

Docid: 00014725

Publication Date: 2202

Report Type: VENDOR


Intel is the world’s largest semiconductor manufacturer with more than $77
billion in revenue in 2020. The company supplies
equipment that provides the ‘brains’ of computing devices – microprocessors,
motherboards, and networking and communications equipment – as well as related software development platforms. Intel runs five operating groups:
Data Center, IoT, Non-Volatile Memory Solutions, Programmable Solutions, and Client Computing, in addition to operating the Mobileye (autonomous driving)
software developer. This profile
takes a deeper look at Intel’s operations.

Report Contents:

Fast Facts

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2200 Mission College Blvd.
Santa Clara, CA 95054-1549 USA
Toll Free:
(800) 628-8686
(408) 765-8080
Fax: (408)
Type of Vendor:
Microprocessors and Microcomputer Components
Founded: 1968
Service Areas: Worldwide

Faulkner Reports
Mergers &
Acquisitions Timeline


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Intel is a leading designer and manufacturer of advanced digital
platforms, which consist of a microprocessor and chipset that can be
enhanced by
other hardware, software, or services. The company has 110,600
employees (2021) worldwide, of which 90 percent work in "technical" roles, and about
half of which are located in the US. Intel sells its
platforms to
original equipment and design manufacturers, as well as industrial and
communications equipment manufacturers in the computing and
industries. Its platforms are used in laptops, 2-in-1s, desktops,
tablets, mobile devices, and IoT-connected devices. The company was
in California in 1968 and reincorporated in Delaware in 1989.

Intel’s primary operating groups include:

  • Data Center – Server, network, and
    storage platforms for enterprise, cloud,
    communications infrastructure, and technical computing segments.
  • Internet of Things – Platforms for
    embedded market segments including retail, transportation, industrial, buildings
    and home, and other market segments.
  • Non-Volatile Memory Solutions Group – NAND Flash memory products for
    SSDs (solid-state drives).
  • Programmable Solutions Group – Programmable semiconductors (primarily
    field-programmable gate arrays) and related products for a range of market
    segments, including communications, data center, industrial, military, and
  • Client Computing – Platforms for notebooks, 2-in-1s,
    desktops, tablets, and smartphones; wireless and wired connectivity products;
    and mobile communication components.

Intel also operates Mobileye, a software developer that offers
products focused on autonomous driving and other forms of driving technology. In
December 2021, it was announced that Mobileye would go public through an IPO in
2022. Intel will maintain a majority ownership of the company.

History & Milestone Events

  • 1968
    Is founded
    in Santa Clara, California.
  • 1971

    Introduces the first microprocessor.
  • 1989 – Is reincorporated in Delaware.
  • 1993

    Releases 60 and 66MHz editions of the initial Pentium processor.
  • 1998

    Releases a 266MHz portable Pentium processor, the Pentium III 1.13GHz,
    and Celeron 700MHz processors.
  • 1999

    Releases its Pentium III Xeon 500MHz processor, which is designed specifically
    for midrange and high-end server and workstation market segments.
  • 2000
    – Files
    a complaint with the US International Trade Commission, alleging that
    VIA Technologies infringed on its patent by using the company’s P6
    front-side bus in several VIA chip sets.
  • 2001
    – Cuts
    5,000 jobs globally … Files four patent infringement lawsuits against
    VIA Technologies, alleging that VIA’s C3 microprocessors and P4X266
    chipsets infringe on eight Intel patents.
  • 2002
    – Moves into the networking segment by offering ExpressLAN networking technology …
    Rolls out its Itanium processor line … Partners with IBM
    and AT&T to launch Cometa Networks, a nationwide Wi-Fi hotspot
  • 2003
    – Brands
    its wireless computing chipset initiative “Centrino” … Introduces faster
    versions of its Xeon, Celeron, and Pentium processor sets.
  • 2004
    – Is
    sued for $500 million by computer part manufacturer
    All Computers as part of a patent-infringement case filed
    in Toronto.
  • 2005

    Establishes five corporate divisions – Mobility Group, Digital
    Enterprise Group, Digital Home Group, Digital Health Group, and Channel
    Products Group … Is sued by AMD for allegedly unfair competitive practices.
  • 2006
    – Lays
    off 1,000 management employees, as well as 10,500 other workers
  • 2007

    Launches a series of new initiatives for the Intel World Ahead program
    in countries such as China, India, Libya, and Nigeria.
  • 2008
    – With
    STMicroelectronics and Francisco Partners, launches its new Numonyx
    Flash memory joint venture.
  • 2009

    Invests in an academic research facility, dedicated to HPC, near Paris,
  • 2010

    Acquires McAfee for approximately $7.6 billion, and enters the cybersecurity industry.
  • 2012

    Acquires 1,700 patents and patent applications from InterDigital for
    $375 million. The patents include WCDMA (Wideband Code Division
    Multiple Access), HSDPA (High Speed Download Packet Access), HSUPA 3G
    (High Speed Upload Packet Access), LTE (Long Term Evolution), and
    LTE-Advanced 4G technology.
  • 2013– Sees longtime CEO Paul Otellini retire after eight years.
  • 2015 – Closes its acquisition of Altera for $16.7 billion.
  • 2016 – Announces plans to spin off the Intel Security Group
    and cut as many as 12,000 jobs by mid-2017 … Introduces the Core vPro
    processor family of chips for 2-in-1s, Ultrabooks, all-in-ones, and desktops;
    the Atom E3900 series processor for IoT and automotive applications; and the
    “7th Gen” Core processor for the immersive Internet … Teams with investment firm TPG to establish McAfee as an
    independent cybersecurity company.
  • 2017 – Sells the Intel Security Group to TPG VII Manta
    Holdings for $4.2 billion. This property falls under the direction of a
    "newly formed, jointly owned, separate cybersecurity company called McAfee."
    … Announces plans to invest $7 billion in a Fab 42 advanced semiconductor
    facility in Chandler, Arizona … Announces plans to invest more than $60
    million in 15 new technology startups … Completes its tender offer to
    acquire Mobileye.
  • 2018 – Expands the Intel Bug Bounty Program with the
    addition of a side-channel program for "Identifying and mitigating potential
    security issues" in its products … Unveils the 8th Gen Core i3 processor,
    which features two cores, four threads, up to 3.4GHz, and DDR4-2400 memory
    … Launches its Optane DC persistent memory brand beta program … Acquires
    chip-design firm NetSpeed Systems … Sees the resignation of CEO Brian
    Krzanich for violations of the company’s "non-fraternization policy" …
    Establishes a Product Assurance and Security Group.
  • 2019 – Appoints CFO and interim CEO Robert Swan as CEO,
    Claire Dixon as CCO, and George Davis as CFO, and votes to extend the term
    of Chairman Andy Bryant by one additional year
    … Establishes the Network and Custom Logic Group … Rolls out the "Powerhouse" Xeon W-3175X processor … Announces the
    10-nanometer "Ice Lake" processor … Enters into a collaboration agreement
    with Comcast to focus on enabling "gigabit and beyond" broadband, enhancing
    wireless connectivity, and building a more modern and adaptable
    infrastructure … Sells its smartphone modem business to Apple for $1
    billion … Reveals the architectural details of "Tremont," its new low-power x86 CPU
    architecture … With Lenovo, establishes a multi-year global collaboration agreement to "extend HPC and AI
    leadership" … Introduces its 10th Gen Core processor set … Reports plans to buy
    Barefoot Networks … Acquires Omnitek … Ceases development of 5G
    smartphone chips … Collaborates with Facebook on an upcoming "Cooper Lake" design.
  • 2020 – Sees Andy Bryant step down as Chairman, replaced by Lead
    Independent Director, Omar Ishrak … Names
    Archana Deskus as CIO … Debuts the "Horse Ridge" cryogenic quantum control
    processor … Collaborates with HPE and the Argonne National Laboratory on
    the Aurora exascale computer system … Announces purchases of Instana,
    SigOp, Rivet Networks, and Moovit … Promotes Tara Smith to CCO … Unveils
    the 11th Gen Core S-series desktop processor … Sells its NAND memory and
    storage business to SK hynix for $9 billion … Shifts its Technology,
    Systems Architecture, and Client Group operations.
  • 2021 – Appoints former VMware CEO, Pat Gelsinger, as its next
    CEO, effective February 15, 2021 … Gelsinger outlines the company’s path forward
    under the “IDM 2.0” initiative, which he says will be “a major evolution of Intel’s
    integrated device manufacturing (IDM) model,” incorporating significant manufacturing
    expansion plans and the goal of becoming a major provider of foundry capacity in the US and
    Europe …Unveils plan to take the Mobileye autonomous car development subsidiary public
    through an IPO in 2022.


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Intel’s strategy is to play a larger role in customer success by delivering a
"predictable cadence of leadership products." The company sees its fastest
growing opportunities as AI (artificial intelligence), 5G network
transformation, and the intelligent and autonomous edge. Priorities include
strengthening its core, extending its reach, and redefining its position in the

Upon taking over as CEO in February 2021, Pat Gelsinger outlined four key
priorities upon which the chipmaker will, moving forward, focus:

  • Being a leader in "every category" in which Intel competes.
  • Executing "flawlessly" in its commitments.
  • "Passionately" innovating with boldness and speed.
  • Reigniting Intel’s culture to attract and motivate the best engineers
    and technologists on the planet.

The Intel vision is to provide “smart and connected” technology,
and thus its strategy is to offer complete and connected platform computing
solutions, including both hardware and software. Of note, Intel relentlessly
pursues “Moore’s Law” to maximize and extend its technology
leadership. Moore’s Law is named after Intel’s cofounder Gordon Moore1,
who believed it would be possible to double the number of components per
integrated circuit each year – later every two years – and speculated that it
would be possible to continue in this manner for at least a decade. In particular, Intel believes that users are experiencing a dramatic shift in
their relationship with technology, as things and devices become increasingly
more connected to one another and the cloud, thus merging the digital and physical
worlds. Intel focuses on the “Virtuous Cycle of Growth,” through which it plans
to leverage its core assets to power cloud-based technology and drive the
increasingly smart and connected world.

Figure 1 shows what Intel calls its “Virtuous Cycle of Growth.”

Figure 1. Virtuous Cycle of Growth

Figure 1. Virtuous Cycle of Growth

Source: Intel

Other tenets of Intel’s strategy include:

  • Making the world’s best semiconductors
  • Leading technology inflections
  • Providing end-to-end platforms for the new data world
  • Focusing on operational excellence and efficiency
  • Continuing to hire, develop, and retain diverse and inclusive talent

Intel also employs strategies for specific areas of operation, among them:

  • Financial – Leveraging cash flow to invest in itself and grow its
    capabilities, supplementing and strengthening its capabilities through
    acquisitions and strategic investments, while also providing returns to
  • Intellectual – Investing in R&D and intellectual property to
    ensure its process and product technology is competitive in its strategic
    pursuit of making the world’s best semiconductors and realizing data-centric
  • Manufacturing – Investing timely and at a sufficient level to
    meet customer demand for current technology and prepare for future
  • Human – Developing the talent needed to remain at the forefront
    of innovation and create a diverse, inclusive, and safe workplace
  • Social and Relationship – Building trusted relationships for the
    company and its stakeholders, including employees, suppliers, customers,
    local communities, and governments
  • Natural – Continually striving to reduce its environmental
    footprint through efficient and responsible use of natural resources and
    materials used to create its products

Some of Intel’s core strategies for its major operating groups are listed
in Table 1.

Table 1. Strategies by Major Operating Segment
Segment Strategy
Data Center Offering products designed to provide
energy-efficient performance for all server, network, and storage
platforms, as well as for lowering TCO and providing other specific
customizations for the enterprise, cloud, communications infrastructure,
and technical computing segments.
Internet of Things Offering platforms that are designed for
retail, transportation, industrial, buildings, and home use, along with
other market segments. Also focuses on establishing an end-to-end
manageable architecture that captures information for consumers.
Non-Volatile Memory Addressing the growing need for storage and memory technology, with a special
focus on the high-performance compute, financial services, cloud-based services,
and Internet usage market segments.
Programmable Solutions Targeting growth areas such as communications, data center, industrial, and
military applications
Client Computing Focusing on all aspects of the client computing continuum, including
platforms incorporated in notebook, 2-in-1 systems, desktop computers for
consumers and businesses, tablets, and phones; home gateway products and set-top
box components; and wireless connectivity options that combine Intel Wi-Fi
technology with 2G and 3G technology, as well as accelerating industry adoption
of 4G LTE and 5G. Sub-strategies include:

  • Notebook – Offer notebook technology designed to bring
    exciting new user experiences to life and improve performance, battery
    life, wireless connectivity, manageability, and security.
  • Desktop – Offer exciting new user experiences and products
    that provide increased manageability, security, and energy-efficient


Intel is a top global developer for microprocessors and
semiconductors, with products that are used by the leading computer technology
developers such as HP Inc and Dell Technologies. The general acceptance of its products – and the
name value that Intel’s brand holds – help it maintain its overwhelming lead in
the market for server, PC, and notebook chips. Other key competitive advantages include:

  • General leadership in transitioning to "next-generation" process
  • Improvements over competitors in terms of performance, new features,
    energy efficiency, and cost effectiveness.
  • Capital and R&D investments in its integrated manufacturing network.
  • Direct control over design, development, and manufacturing processes; quality control; product cost;
    production timing; performance; power consumption; and manufacturing yield.
  • Assets to allow it to match increasing costs for constructing new
    fabrication facilities.
  • Foundry services that provide an alternative to competitors’ reliance on
    third-party foundries and subcontractors to fill manufacturing, assembly,
    and test functions.

In addition, "strategic enablers" for Intel have included:

  • Shared architecture and intellectual property.
  • Silicon manufacturing technology.
  • Moore’s Law driving computing power growth.


Intel’s primary vulnerabilities include:

  • Potential changes in product demand due to business conditions,
    consumer confidence or income levels, customer inventories, competitive and
    pricing pressures, customer product needs, and market acceptance.
  • Mounting competition, subject to rapid technological and market
    developments, changes in industry standards, customer needs, and frequent
    product introductions and improvements.
  • Manufacturing-related risks due to product demand, development
    and implementation issues, and supply chain risks.
  • Intellectual property issues such as Intel’s inability to
    enforce or protect its copyrights.
  • Occasional reliance on third-party intellectual property that
    might become commercially unavailable.
  • Workforce reductions that temporarily impact productivity, can
    be disruptive to its business, and thus affect its operations’ results.


Pat Gelsinger, upon taking office as CEO in February 2021, noted his extreme
confidence that Intel can be the "world’s leading semiconductor company" in
spite of a "landscape of tremendous change." A little over a month after assuming
his position, Gelsinger announced wide-ranging manufacturing expansion plans under the moniker
“IDM 2.0,” which he said is “a major evolution of Intel’s integrated device manufacturing (IDM) model.”
Among the initiatives are a $20 billion investment to build two new chip fabrication plants in Arizona,
plans to become a major provider of foundry capacity in the US and Europe to serve customers globally,
and a new research collaboration with IBM.

Product Lines

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In all, Intel’s portfolio encompasses
hundreds of products and services, chief among them processors, motherboards,
chipsets, and software, as detailed in Table 2.

Table 2. Product and Service
Business Description Offerings
Data Center Group Workload-optimized platforms for compute, storage, and network functions Optane technology, Omni-path Fabric, Silicon Photonics, FPGAs
(field-programmable gate arrays), and Ethernet technology
Internet of Things High-performance IoT compute solutions that utilize silicon and software
assets from Intel’s data center and client businesses
Developer tools across all products, accelerators to enable computer
vision and deep learning, and connectivity and machine learning
Programmable Solutions Group Programmable semiconductors, FPGAs (field-programmable gate arrays), and
related products.
High-performance, balanced performance and power, lowest power,
instant-on, and power management products
Client Computing Group Platforms and connectivity technology that are incorporated in a range of
consumer and commercial products
Optane technology, Wi-Fi solutions, Thunderbolt technology, Core i7
processor with Radeon RX Vega M Graphics, and mobile modem solutions
Non-Volatile Memory Solutions Group Optane and 3D NAND technology to drive innovation in SSDs (solid-state
Platform-connected solutions, 3D NAND technology, SSDs based on 64-layer,
and Optane technology-based products

Major Competitors

Intel competes against platform, silicon component, and software makers,
including companies that sell goods and services to businesses that use them for
internal or customer-facing processes. This includes
technology developers for the PC market, the data center segment, IoT
developers, the memory market segment, and those whose products compete in the
programmable solutions sector.

NXP Semiconductors:


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Mergers, Acquisitions, and Divestitures

Intel and Tower Semiconductor, a leading foundry for analog semiconductor solutions,
announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash amounting to a total value of
approximately $5.4 billion. The acquisition significantly advances Intel’s business strategy as the company further expands
its manufacturing capacity, global footprint, and technology portfolio to address the worldwde demand for computer chips. The
transaction is expected to close by early 2023.


Intel Corporation has completed the first closing of the sale of its NAND and SSD business,
selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and
the Dalian NAND memory manufacturing facility in China to Seoul-based SK hynix. In exchange, SK hynix will pay Intel $7 billion in
consideration. The deal was announced Oct. 19, 2020. Intel will continue to manufacture NAND wafers at SK hynix’s Dalian memory
manufacturing facility and retain certain IP related to the manufacture and design of NAND flash wafers until the final closing of
the transaction, expected to occur in or after March 2025. At that point, SK hynix will acquire from Intel the remaining NAND business
assets, including certain IP related to the manufacture and design of NAND flash wafers, R&D employees and the Dalian fab workforce,
for an additional $2 billion.

Intel unveiled a plan to take its Mobileye automomous vehicle development group public in the United States in mid-2022
via an initial public offering (IPO) of newly issued Mobileye stock. “The move will unlock the value of Mobileye for Intel shareholders by creating a separate
publicly traded company and will build on Mobileye’s successful track record and serve its expanded market,” the company stated. Intel will remain the majority
owner of Mobileye, and the two companies will continue as strategic partners, collaborating on projects as they pursue the growth of computing in the automotive
sector. The Mobileye executive team will remain, with Prof. Amnon Shashua continuing as the company’s CEO. Recently acquired Moovit as well as Intel teams working
on lidar and radar development and other Mobileye projects will be aligned as part of Mobileye.

Products and Services

Intel launched its 12th Gen Intel Core processors, code-named Alder Lake S-series and H-series, enhanced
to accelerate Internet of Things (IoT) application innovation. The new processors offer retail, manufacturing, healthcare, and digital security
customers increased core counts and advanced graphics/media/display and AI capabilities, as well as a wide range of price, performance and power.


Chromium Web browsers, including Google Chrome and Microsoft Edge, will
enhance their security protections with the addition Intel‘s Control-flow Enforcement
Technology (CET). The CET feature prevents the hijacking of an
application’s control-flow transfer instructions. This is a
method employed by attackers to inject malicious code. CET is
also designed to protect against Return Oriented Programming
(ROP) and Jump Oriented Programming (JOP) attacks, which use
existing code running from executable memory to change program
behavior. The security feature will be coming to all Chromium
browsers, including Chrome, Edge, Brave, and Opera. In addition,
Mozilla is looking into
adding support for Intel CET in Firefox, but, according to Bleeping
, there has been no recent status update for their
implementation. Because Intel CET is a hardware-based security
solution, only Chromium browsers running on devices with 11th
generation Intel CPUs, which were released last year, will have
access to the feature.


Intel rolled out its 11th
Gen Core H35 processor set. The release – ;which is designed to
support ultraportable laptop gaming – features Turbo Boost Max
3.0 for delivering up to 5GHz Turbo frequencies; single-threaded
performance; four cores; and eight threads.


Intel unveiled new
processor sets for business, education, mobile, and gaming
computing. Releases include the 11th Gen vPro, for thin-and-light
systems; new N-series Pentium Silver and Celeron processors that
are based on Intel’s 10nm architecture; and 11th Gen Core
H-series mobile processors. Intel also previewed its next-gen
Core S-series “Rocket Lake” (desktop) and “Alder Lake” (mobile)
platforms. These products will combine high-performance and
high-efficiency cores into a single product, with Alder Lake, in
particular, being the first Intel processor built on a new,
enhanced version of the 10-nanometer “SuperFin” that will allow
it to serve as the “foundation for desktop and mobile processors”
in delivering “real-world” computing. The latter two releases are
due out in the first quarter and second half, respectively, of
2021. Additional details are
available via the Intel Web site.


Alliances and Joint Ventures

Intel and Google Cloud established a
partnership with the National
Institutes of Health All of Us Research Program
. This
agreement will focus on improving general population health by
making bio-medical data from under-represented groups available
to COVID-19 researchers, nationwide, via the Researcher


Personnel and Organizational

Intel announced plans for an initial investment of more than $20 billion to construct two new
leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors
and serve the needs of foundry customers. The company also pledged an additional $100 million toward partnerships with educational
institutions to build a pipeline of talent and bolster research programs in the region. Planning for the first two factories will start
immediately, with construction expected to begin late in 2022. Production is expected to come online in 2025, making Ohio home to
Intel’s first new manufacturing site location in 40 years.

Intel Corporation announced that David Zinsner has been appointed as the company’s executive vice
president and chief financial officer (CFO), effective Jan. 17, 2022. Zinsner has more than 20 years of financial and operational experience
in semiconductors and manufacturing, including most recently as executive vice president and CFO at Micron Technology, Inc. Zinsner will report
to CEO Pat Gelsinger and oversee Intel’s global finance organization, including finance, accounting and reporting, tax, treasury, internal audit,
and investor relations.

Michelle Johnston Holthaus has been named to lead Intel‘s Client Computing Group (CCG). A 25-year veteran
with the company, Holthaus moves up from Executive Vice President and general manager of the Sales, Marketing and Communications Group, a role she
has held since 2017. Previously, she headed global client computing sales. In her new role, Holthaus will be responsible for all aspects of running
and growing the client business, including strategy, financial performance, and product development for the full portfolio of client technologies
and platforms designed to enable exceptional personal computing experiences.

Intel Labs recently opened the Intel Research Center for Integrated Photonics for Data Center
Interconnects. The center’s mission is to accelerate optical input/output (I/O) technology innovation in performance scaling and integration
with a specific focus on photonics technology and devices, CMOS circuits and link architecture, and package integration and fiber coupling.
The center will bring together universities and world-renowned researchers to accelerate optical I/O technology innovation in performance
scaling and integration, sharing a vision to explore a technology scaling path that satisfies energy efficiency and bandwidth performance
requirements for the next decade and beyond.

Intel has appointed Christy Pambianchi as executive vice president and chief people officer,
effective Sept. 7. Pambianchi will head the Human Resources organization with a mandate to attract, engage, and retain the best
talent. She will report to CEO Pat Gelsinger. Most recently, Pambianchi was executive vice president and chief human resources officer at
Verizon and was formerly executive vice president of People & Digital at Corning Inc. and director of human resources at PepsiCo Inc.

Intel Corporation has named Dawn Jones as its chief diversity and inclusion officer (CDIO)
and vice president of social impact. Jones is a 24-year Intel veteran and will lead the company’s global diversity and inclusion
strategy as well as Intel’s investments and programs driving positive global impact. Jones has been serving as acting CDIO since
January 2021. Prior to that, she was global director of Policy, Strategy and Partnerships, responsible for Intel’s diversity and
inclusion policy, strategy, communications, external alliances, and stakeholder engagement.

Intel pledged a five-year,
$5 million donation toward establishing a new HBCU (historically
black college and universities) tech law and policy center in
North Carolina. This location will be based out of North Carolina
Central University and will offer certificate programs,
curriculum development, and other elements to “drive further
Intel engagements.”


Intel announced that
former VMWare chief
exec, Pat Gelsinger, has officially taken over as CEO. Gelsinger,
who previously began his career and worked for 30 years at Intel,
takes over from two-year CEO, Bob Swan. Upon taking office,
Gelsinger outlined four priorities upon which the chipmaker will
focus: being a leader in “every category in which we compete,”
executing flawlessly to its commitments, innovating with boldness
and speed, and reigniting its culture to attract and motivate
engineers and technologists.


Intel named Sunil Shenoy
as SVP, Design Engineering Group, effective Monday, February
1st. Shenoy will report to CEO, Bob Swann (prior to February
16th) and, later, Pat Gelsinger. He will focus on leading design,
development, validation, and manufacturing of intellectual
property and SoCs (systems-on-chip) for client and data center
applications. Shenoy returns to Intel from SiFive, an Intel
Capital portfolio company.


Intel allocated $475
million in Intel Products Vietnam. This investment comes in
addition to a prior, $1 billion allotment to build a “state
of-the-art” chip assembly and test manufacturing facility in
Saigon Hi-Tech Park.


Intel announced that Pat
Gelsinger will return to the company to serve as its next CEO,
effective February 15th. Gelsinger – who will also sit on the
Board of Directors – succeeds Bob Swan. Intel noted that the
announcement is “unrelated to [its] 2020 financial performance.”
Gelsinger has served as CEO of VMWare since 2012, and has
also been a high-profile exec with EMC and RSA. Before joining
those affiliated companies, he spent 30 years with Intel,
ultimately serving as the company’s first CTO, a position through
which he oversaw creation of “key” industry technology such as
USB, Wi-Fi, and microprocessing.


Intel‘s Mobileye previewed the
strategy and technology that it believes will “enable autonomous
vehicles to fulfill their lifesaving promise globally.” This
initiative focuses on delivering sensing technology – including
Road Experience Management mapping, rules-based
Responsibility-Sensitive Safety, and redundant sensing
subsystems – that is “orders of magnitude” more capable than
human drivers.



Intel reported fourth-quarter earnings with its largest business, the Client Computing Group
that includes its chip manufacturing division, down seven percent year-over-year to $10.1 billion. CEO Pat Gelsinger said in an interview
that the drop in the group was a function of customers and PC makers shifting sales from quarter to quarter. PC sales have been elevated
since the start of the pandemic in 2020, including during last year’s December quarter. “I wouldn’t read anything into the quarter-on-quarter,”
Gelsinger said, adding that supply constraints were also a factor. On a positive note, Intel’s Data Center Group unit topped expectations
with revenue rising twenty percent to $7.3 billion.


A weaker-than-expected sales report was part of Intel‘s third quarter fiscal results as the company
blamed an industry-wide component shortage for its PC chip business shrinking two percent during the quarter ending October 2. The firm’s
Client Computing Group, which reports PC chip revenue, reported revenue of $9.7 billion, saying sales were down primarily due to lower
laptop volumes because of the chip shortage, and that its customers may have lacked other parts it needed to finish assembling computers.
CEO Pat Gelsinger said that PC demand is still strong and he does not expect the semiconductor shortage to end until 2023. “We’re in the
worst of it now, every quarter next year we’ll get incrementally better, but they’re not going to have supply-demand balance until 2023,”
Gelsinger said.

Intel reported that its second quarter revenues and profits were up slightly on net income of $5.2
billion (up six percent from a year earlier) and revenues of $18.5 billion (up two percent). The company experienced continued strength
in its Client Computing Group and a strong recovery in the Internet of Things Group. The Client Computing Group reported Q2 revenues of
$10.1 billion, up six percent, while the Internet of things generated $984 million, up 47 percent. The PC and Mobileye businesses both
achieved record Q2 revenue, with Mobileye up 124 percent to $327 million.


Intel Corporation‘s sales were essentially flat and profit dropped in the first quarter of 2021,
which also marks the initial earnings report under new CEO Pat Gelsinger. The company announced $17.8 billion in revenue, with sales of
chips for notebook laptops rising 54 percent year-over-year. In a year marked by work-from-home protocols, the firm’s high-performance
chips for data centers saw elevated and sales as companies bulked up their cloud operations. The Data Center Group reported $5.56 billion
this quarter.

Intel recorded a 15
percent year-on-year decline in company earnings for the fiscal
2020 fourth quarter period ended December 26, 2020. Profits
totaled $5.9 billion, or $1.42 per share, compared to a FY19Q4
income of $6.9 b, or $1.58 per share. Revenues, meanwhile, were
$20 billion, which is down by 1 percent when compared to year-ago
quarterly sales of $20.2 billion. By segment, Data Center Group
revenue fell 16 percent Y2Y to $6.1 billion, Internet of Things
sales were down 16 percent to $777 million, and Non-Volatile
Memory Solutions Group revenue decreased 1 percent to $1.2
billion. Other areas included Programmable Solutions Group, which
saw revenue decline 16 percent to $422 million, and Client
Computing Group, which noted a 9 percent revenue jump to $10.9
billion. Full-year income was $20.9 billion, or $4.94 per share,
which is down by 1 percent from FY19 earnings of $21 billion, or
$4.71 per share. Company sales totaled $78 billion, reflecting an
8 percent increase over fiscal 2019 revenues of $72 billion. Data
Center Group revenue grew 11 percent Y2Y to $26.1 billion,
Internet of Things revenue decreased 21 percent to $3 billion,
and Non-Volatile Memory Solutions Group sales increased 23
percent to $5.4 billion. Additionally, Intel’s Programmable
Solutions Group revenue fell 7 percent to $1.9 billion, while
Client Computing Group revenue was up 8 percent to $40.1 billion.


Legal News

Multiple suppliers in the US that were still doing business
with Huawei have now been
hit with restrictions by the Trump administration just days
before it leaves the White House, Reuters reported. According to
the news site, Trump officials informed multiple suppliers,
including Intel, that it was
revoking business licenses, and that it would be denying “dozens”
of new applications for business licenses required to interact
with the controversial telecom company. Reuters noted that this
move is part of a larger “flurry” of US efforts targeting China
that have been undertaken in Trump’s final days. When contacted
by Reuters for comment, the US Commerce Department declined
to address the report, saying only that it “protects U.S.
national security and foreign policy interests.” It remains
unknown how the incoming Biden administration plans to handle
the ongoing restrictions the Trump administration has maintained
on Huawei and other Chinese telecom companies.



1 Moore, Gordon E. “Cramming More Components onto Integrated
Circuits.” Republished by the University of
Texas at Austin, Computer Science. November 11, 2006.


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