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Intel Corporation
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2019 Vault Rankings

At a Glance


Great work/life balance

Opportunity to work on the latest technology


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 the brains of the operation. One the biggest computer chip companies, Intel controls roughly 90% of the market for microprocessors that act as the brains of desktop, notebook, and server computers. It has dominated the PC chip market from the early x86 processors to Pentiums to today's Core technology. Intel also makes chips for smartphones and tablets as well as embedded semiconductors for the industrial, medical, and automotive markets. The company develops its chips and makes most of them itself in one of the industry's biggest manufacturing systems. While PC chips account for most sales, Intel has shifted focus and resources to chips for the data centers that power cloud computing.


Intel Corp.'s Client Computing Group is the company's workhorse and cash generator delivering more than half of its revenue and more than 6% of operating income. The business churns out chips for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components.

The Data Center Group generates about a third of Intel's revenue with chips for server-platforms and related products designed for the enterprise, cloud, government, and communication infrastructure markets.

The Internet of Things Group makes chips for connected devices in retail, transportation, industrial, video, buildings, smart cities, and other markets. It accounts for about 5% of revenue.

Taken together, the Programmable Solutions and Non-Volatile Memory Solutions groups provide about 10% of the company's revenue.

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. has more than 150 locations around the globe with assembly and test facilities in China, Malaysia, and Vietnam. Sales are well-distributed geographically with customers in China (including Hong Kong) generating about a quarter of Intel's sales, followed by Singapore and US customers, about 20% each, and customers in Taiwan who kick in more than 15% of revenue.

Sales and Marketing

Intel sells its products primarily to original equipment manufacturers (OEMs) 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.

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

Financial Performance

Intel has posted company-record revenue in each of the past three year 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 2018, sales reached $70.8 billion, up $8.1 billion, a 13% increase, from 2017 driven by several factors, notably Intel's data-related businesses. Sales of data products jumped 18% year-to-year and accounted for about half of the company's revenue in 2018. The Mobileye business, acquired in 2017, added nearly $700 million in sales. The PC business contributed a 9% sales increase on demand from the commercial, 2-in-1, and gaming markets as well as a higher share of the modem market.

Intel's profit jumped to $21 billion in 2018, about $10.4 billion more than in 2017. The company's operating expenses were 28% of revenue in 2018 compared to 36% in 2017 and Intel paid less in taxes in 2018 than in 2017 when the tax rate was higher due to the US Tax Cuts and Jobs Act.

Intel's coffers held $3 billion in cash and equivalents in 2018, about $400 million less than in 2017. Operations generated $29.4 billion in 2018, while investing and financing activities used $11.2 billion and $18.6 billion, respectively.


Although Intel had higher sales of PC chips in 2016, 2017, and 2018, the company is investing in other areas to reduce its PC-dependence. (Intel remains the dominant chip supplier for PCs with a 90% market share.)

Intel is investing in its data-related processors and supplying them for growing markets such as data centers, cloud computing, 5G communications, artificial intelligence, and autonomous driving. The units that address those markets are growing quickly.

Intel's acquisition of Mobileye in 2017 staked out a prominent position for providing technology for self-driving cars. Mobileye's sensor technologies combined with Intel's semiconductors should make for a formidable competitor in developing autonomous vehicles. Intel has teamed with BMW AG and Delphi Automotive for developing driverless vehicle technology.

With annual revenue north of $70 billion, Intel has deep resources. It had close to $12 billion in capital investment in 2017, with most it devoted to equipment and facilities to produce advanced chips.

Intel faces challenges from other semiconductor companies that offer strong products in growing markets. Samsung Electronics' chip business has grown in recent years and the companies run neck-and-neck for the title of biggest chipmaker. Longtime rival AMD has released high-performance chips at price points that could undercut Intel's offerings. NVIDIA is growing quickly from its graphics chips that are well-suited to artificial intelligence applications.

Mergers and Acquisitions

Intel agreed to acquire 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. The deal was expected to close in the 2019 third quarter.

In 2019 Intel acquired 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.

In 2018 Intel acquired Netspeed Systems, which makes tools for designing system-on-chip (SoC) devices. Intel is one of several chip companies that include NVIDIA and Qualcomm increasingly making circuits that handle multiple functions. Netspeed's tools speed up the design of SoCs through automation. Netspeed becomes part of Intel's Silicon Engineering Group.

In 2017 Intel acquired Mobileye for more than $15 billion. Mobileye, based in Israel, develops sensors and cameras for vehicles. The acquisition broadens Intel's offerings for makers of driverless vehicles beyond the chips that are brains of such vehicles. Mobileye's technologies provide more of the critical capabilities that autonomous autos need to maneuver safely.

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

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
EVP and General Manager, Product Assurance and Security: Leslie S. Culbertson
Interim CEO: Robert H. Swan
Employees (This Location): 277
Employees (All Locations): 107,400

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