Intel

Intel Corporation is a global designer and manufacturer of semiconductor products, headquartered at 2200 Mission College Blvd in Santa Clara, California. The company reports through the segments Intel Products, Intel Foundry and All Other. Intel Products comprises the Client Computing Group (CCG), which supplies platforms and processors for PCs and edge devices across consumer and commercial markets, and Data Center and AI (DCAI). Intel Foundry manufactures chips, including for external customers.

The current product line includes Intel Xeon 6+ processors aimed at dense, energy-efficient networking workloads and 5G cores, and Intel Arc G-series processors for handheld devices, which the company positions around AI-based scaling, improved imaging and longer battery life. Intel also develops advanced packaging and interconnect technologies and process nodes, including Intel 3 (in high-volume production as of late 2024) and Intel 18A, described as the company's fifth process node in four years. Intel was founded in the United States by Gordon Moore and Robert Noyce and is the inventor of the x86 microprocessor series used in most personal computers.

Intel employs approximately 45,000 people in the United States and operates major sites in Santa Clara (worldwide corporate headquarters, hardware and software engineering, R&D and corporate functions), Hillsboro, Oregon (a global center of semiconductor research and manufacturing and the largest private employer in that state), Chandler and Ocotillo, Arizona (high-volume microprocessor manufacturing), Rio Rancho, New Mexico (advanced packaging and interconnect), Folsom, California, Austin, Texas and Atlanta, Georgia. The company's autonomous driving unit Mobileye completed a US$861m Nasdaq IPO in 2022, with subsequent selldowns by Intel.

Founding story

Intel was founded in the United States by Gordon Moore and Robert Noyce and became the inventor of the x86 series of microprocessors found in most personal computers.

Business model

Intel designs, manufactures and sells semiconductor products through its Intel Products segment (client computing, data center and AI) and provides contract chip manufacturing to other companies through Intel Foundry, an effort to compete in the model established by TSMC. It also supplies chips to the U.S. government under trusted-manufacturing programs.

Revenue is generated from sales of processors and related platforms to PC and device makers, data center and enterprise customers, and from foundry manufacturing services. Trailing-twelve-month revenue was US$57.03bn with a gross margin of 38.6% [1]; second-quarter 2026 revenue was US$16.1bn, up 25% year over year, with data center and AI revenue of US$6.3bn (+59%) and foundry revenue of US$5.8bn (+31%) [3].

Traction

Second-quarter 2026 results beat guidance for the seventh consecutive quarter, with revenue of US$16.1bn (up 25%), data center and AI revenue up 59% to US$6.3bn and foundry revenue up 31% to US$5.8bn; third-quarter guidance was US$15.8bn-US$16.8bn. CEO Lip-Bu Tan described the strongest revenue growth in more than 15 years. Intel ended the second quarter with US$29.7bn in cash and short-term investments and US$10bn available under its revolving credit facility, and raised 2026 capital expenditure guidance above US$20bn from US$18bn.

Latest developments

In August 2026 Intel priced an upsized public offering of common stock at US$95 per share, placing roughly 210.5m-242m shares to raise approximately US$20bn-23bn with a 15% greenshoe, bookrun by JP Morgan, Goldman Sachs, Morgan Stanley and Citigroup. The book was more than five times covered with over US$100bn of orders; shares closed at US$102.50 the following Friday. Proceeds fund a manufacturing and foundry buildout while protecting Baa2/BBB/BBB ratings. CEO Lip-Bu Tan bought about US$10m of stock at the US$95 offer price. Intel is co-developing chips with Nvidia across data centers and PCs, was named Official Computing Partner of McLaren Racing, and was recognized by Fortune as one of the most innovative companies in the United States.