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Intel Corporation
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2019 Vault Rankings

At a Glance

Uppers

Great work/life balance

Opportunity to work on the latest technology

Downers

Competitive work environment with some office politics

The Bottom Line

Intel is a leading technology company with a very flexible working environment

About Intel Corporation

Intel Corp. is one of the computer chip companies, Intel offers platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or a multichip package. It has dominated the PC chip market processors such as Intel Core processor family and the Intel Quark, Intel Atom, Celeron, Pentium, Intel Xeon, and Itanium trademarks make up its CPU brands. Intel also includes autonomous cars and small low-power devices as well as a broad range of solutions targeting the data center, wireless, networking, military, medical, and industrial market segments. The company's latest data center solutions target a wide range of use cases within cloud computing, network infrastructure, and intelligent edge applications, and support high-growth workloads, including AI and 5G. In addition, Intel Corp. exited 5G smartphone modem business to increase the focus of its 5G efforts on the broader opportunity to modernize network and edge infrastructure. Intel was founded in 1968. The China, including Hong Kong, is the company's largest market accounting to nearly 30% of the company's total sales.

Operations

The company manages its business through these operating segments: Client Computing Group (more than 50%), Data Center Group (nearly 35%), Internet of Things Group (around 5%), Non-Volatile Memory Solutions Group (more than five percent), Programmable Solutions Group (less than five percent), and All other (nearly one percent).

DCG and CCG are the reportable operating segments. IOTG, Mobileye, NSG, and PSG do not meet the quantitative thresholds to qualify as reportable operating segments; however, it was elected to disclose the results of these non-reportable operating segments. The Internet of Things portfolio, presented as Internet of Things, is comprised of the IOTG and Mobileye operating segments.

Intel Corp.'s Client Computing Group is the company's workhorse. The business includes platforms designed for end-user form factors, focusing on higher growth segments of 2-in-1, thin-and-light, commercial and gaming, and growing adjacencies such as connectivity, graphics, and memory.

The Data Center Group develops workload-optimized platforms for compute, storage, and network functions. It also makes chips for server-platforms and related products designed for the enterprise, cloud, government, and communication infrastructure markets.

The Internet of Things Group develops high-performance compute for targeted verticals and embedded markets. The customers include retailers, manufacturers, healthcare providers, energy companies, automakers, and governments. In addition, Mobileye is the global leader in the development of computer vision and machine learning-based sensing, data analysis, localization, mapping, and driving policy technology.

The Programmable Solutions offers programmable semiconductors, primarily FPGAs, structured ASICs, and related products, for a broad range of market segments, including communications, data center, industrial, and military.

Non-Volatile Memory Solutions offers memory and storage products.

Intel makes most of its products in its own manufacturing facilities, which allows the company to control the process for quality, speed, and flexibility. For some communications, connectivity, networking, field programmable, and memory components the company outsources manufacturing to third parties. Intel handles test and assembly in-house and through contractors.

Geographic Reach

Intel Corp. is based in California and has more than 100 locations around the globe with three assembly and test facilities in China, Malaysia, and Vietnam and six water fabrication in Arizona, Oregon, New Mexico, Ireland, Israel and other countries. Sales are well-distributed geographically with customers in China (including Hong Kong) generating about 30% of Intel's sales, followed by Singapore and US customers, over 20% each, and customers in Taiwan who kick in nearly 15% of revenue.

Sales and Marketing

Intel sells its products primarily to original equipment manufacturers (OEMs), cloud service providers and original design manufacturers (ODMs). In addition, Intel products are sold to makers of industrial and communications equipment.

Its customers also include those who buy PC components and other products through distributor, reseller, retail, and OEM channels. Intel's worldwide reseller sales channel consists of thousands of indirect customers, who are systems builders that purchase microprocessors and other products from distributors. The microprocessors and other products are also available in direct retail outlets.

Intel's three largest customers account for more than 40% of revenue. They are Dell Technologies, more than 15% of sales, and Lenovo Group (nearly 15%) and HP Inc., with around 10%.

Advertising costs, including direct marketing, recorded within MG&A expenses were $832 million in 2019, $1.2 billion in 2018, and $1.4 billion in 2017.

Financial Performance

Intel has posted company-record revenue in each of the past four years as it has maintained revenue from computer-related products and sales of its lineup of newer products for data centers and cloud computing have grown.

In 2019, the company's revenue totaled $72 billion, a 2% increase from 2018.

Intel's profit declined less than a percentage. It totaled around $21 billion in 2019.

Intel's coffers held $4.2 billion in cash and equivalents in 2019, about $1.2 billion more than in 2018. Operations generated $33.1 billion in 2019, while investing and financing activities used $14.4 billion and $17.6 billion, respectively.

Strategy

Intel deploys various forms of capital to execute its strategy in a way that seeks to reflect its corporate values, help customers succeed, and create value for stakeholders.

Leveraging cash flow to invest in itself and grow its capabilities, supplement and strengthen its capabilities through acquisitions and strategic investments, and provide returns to stockholders.

Investing significantly in R&D and IP to ensure that the company's process and product technologies are competitive in its strategic pursuit of making the world's best semiconductors and realizing data-centric opportunities.

Investing timely and at a level sufficient to meet customer demand for current technologies and prepare for future technologies.

Developing the talent needed to remain at the forefront of innovation and create a diverse, inclusive, and safe workplace.

Building trusted relationships for both Intel and its stakeholders, including employees, suppliers, customers, local communities, and governments.

Continually striving to reduce its environmental footprint through efficient and responsible use of natural resources and materials used to create products.

Mergers and Acquisitions

In 2020, Intel acquires Camberwell, London-based, Rivet Networks and joins the Wireless Solutions Group within the Client Computing Group. Rivet Networks' key products, including its Killer brand, will integrate into Intel's broader PC Wi-Fi portfolio. This partnership will Boost Intel's Wi-Fi offerings for PC platforms Terms were not disclosed.

Intel acquires Moovit for approximately &900 million to enhance the daily mobility habits and needs of millions of Moovit users with the state-of-the-art, safe, affordable and eco-friendly transportation enabled by self-driving vehicles. Moovit is headquartered in Israel and is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing.

In 2019 Intel bought the Smart Edge software business from Toronto-based, Pivot Technology Solutions for $27 million to aid in Intel's development of chips for the 5G mobile network market. Smart Edge software helps split up information and store it closer to users to make computing devices respond faster. The software is designed to run on Intel's chips.

Intel agreed to acquire Caifornia-based, Barefoot Networks in 2019 to beef up its offerings for cloud computing applications. Barefoot designs and make chips that manage communication via Ethernet, which is used to connect networked computers and servers. Barefoot's products fill a gap in Intel's portfolio and could help it compete more effectively against Broadcom, the foremost product of such devices.

In 2019 Intel acquired UK's Omnitek, a provider of video and vision for programmable processors that enable customized vision and artificial intelligence. Terms of the deal were not disclosed.

Intel acquired Ineda Systems, a fabless chip company, in 2019. Ineda's chips are used in autonomous driving, artificial intelligence, and the Internet of Things. The company is based in Hyderbad, India, where Intel plans to put a technology development center.

Company Background

The founding of Intel is one of the legendary stories of Silicon Valley. In 1968 three engineers from Fairchild Semiconductor created Intel in Mountain View, California, to develop technology for silicon-based chips. ("Intel" is a contraction of "integrated electronics.") The trio consisted of Robert Noyce (who co-invented the integrated circuit, or IC, in 1958), Gordon Moore, and Andy Grove.

Intel initially provided computer memory chips such as DRAMs (1970) and EPROMs (1971). These successes funded the microprocessor designs that revolutionized the electronics industry. In 1971 Intel introduced the 4004 microprocessor, promoted as "a micro-programmable computer on a chip."

Intel Corporation

2200 Mission College Blvd
Santa Clara, CA 95054-1549
Phone: 1 (408) 765-8080

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: INTC
Stock Exchange: , NASDAQ
Chairman: Andy D. Bryant
Group President, Manufacturing, Operations and Sales: Stacy J. Smith
Interim CEO: Robert H. Swan
Employees (This Location): 277
Employees (All Locations): 110,800

Major Office Locations

Santa Clara, CA

Other Locations

Chandler, AZ
Mesa, AZ
Calabasas, CA
Folsom, CA
Fremont, CA
Irvine, CA
Pasadena, CA
San Diego, CA
San Jose, CA
Santa Clara, CA
Santa Cruz, CA
Fort Collins, CO
Longmont, CO
Westminster, CO
Alpharetta, GA
Chicago, IL
Schaumburg, IL
Louisville, KY
Cary, NC
Raleigh, NC
Hampton, NJ
Parsippany, NJ
Somerset, NJ
Rio Rancho, NM
Getzville, NY
Cincinnati, OH
Hudson, OH
West Chester, OH
Aloha, OR
Beaverton, OR
Hillsboro, OR
Lake Oswego, OR
Portland, OR
Allentown, PA
Columbia, SC
Austin, TX
Houston, TX
Spring, TX
Dupont, WA
Eau Claire, WI
Milano, Italy
Roma, Italy
San Giuliano Terme, Italy
San Mauro Torinese, Italy
Vimercate, Italy
Matsumoto, Japan
Osaka, Japan
Toyonaka, Japan
Tsukuba, Japan
Sao Paulo, Brazil
Mount Pearl, Canada
Oakville, Canada
Ottawa, Canada
Vancouver, Canada
Victoria, Canada
Waterloo, Canada
Moirans, France
Montpellier, France
Nantes, France
Toulouse, France
Valbonne, France
Bulandet, Norway
Stockholm, Sweden
Taipei City, Taiwan
Brussel, Belgium
Swindon, England
Tampere, Finland
Nürnberg, Germany
Wan Chai, Hong Kong
Lausanne, Switzerland