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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. As PC sales have declined, 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 about 55% of its revenue and more than 70% 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 30% of Intel’s revenue with chips for server-platforms and related products designed for the enterprise, cloud, and communication infrastructure market.

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, Costa Rica, Malaysia, and Vietnam. Customers in China (including Hong Kong) and Singapore each generate about a quarter of Intel's sales, followed by US customers who supply 20% of revenue, 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). ODMs provide design and manufacturing services to branded and unbranded private label resellers. 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 the total revenue. The biggest are Dell Technologies and Lenovo Group, with 15% of sales each, and HP Inc. with about 10%.

Financial Performance

Intel’s sales have grown 20% a year over the past five years as the company had maintained revenue from computer-related products and its lineup of newer products for data centers and cloud computing has grown.

In 2017, revenue rose 6% to $62.8 billion from 2016, driven by growth in all parts of its business. Intel’s data-related businesses posted a 16% jump (after adjusting for the divestment of the security unit) in 2017. Higher sales in the Data Center group were driven by cloud service and communication service providers. The Client Computer Group’s revenue grew 3% in 2017 on higher notebook sales from gaming and commercial accounts. Shipment volume and average selling prices of notebook computers were higher in 2017 than 2016 while desktop computer volume dropped. The Non-volatile Memory Solutions Group’s sale rose about 35% on data center demand. The Internet of Things Group posted a 20% increase in sales while the Progammable Solutions Group’s sales were 12% higher.

Intel reduced costs for research and development and sales and marketing as a percentage of revenue, leading to a higher gross margin of 62% in 2017 from 61% in 2016. But a one-time tax charge due to the US Tax Cuts and Jobs Act reduced Intel’s profit to $9.6 billion, a 7% decline from 2016.

In 2017 Intel spent about $14 billion on acquisitions, $12 billion on capital expenditures, $8 billion in debt payments, and about $3 billion on stock buybacks. The company ended the year with about $14 billion in cash and cash equivalents compared to about $17 billion in 2016.


Although Intel had higher sales of PC chips in 2016 and 2017 (as overall PC sales declined), the company realizes that the business is in long-term decline. But even as it diminishes, there’s still a lot of money Intel, which supplies about 90% of the chips for PCs, can pull out of it. The company maintains a level of investment in developing and making PC chips to squeeze out as much revenue as it can.

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 stakes 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 and had an ongoing relationship with Mobileye.

With annual revenue north of $60 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. However, Intel had a hiccup on its path to advanced manufacturing when it announced that full-scale 10-nanometer production would be pushed back from 2018 to 2019. The smaller size enables higher yields per wafer, which reduces costs.

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 company is running 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.

In 2017 security flaws were discovered in Intel chips that could make computers vulnerable to hackers. Intel took steps to mitigate the flaws and doesn’t expect material financial impact from the matter.

Mergers and Acquisitions

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 make 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. Intel has been a Netspeed customer and its venture arm had invested in the company. Terms of the acquisition were not disclosed.

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. The deal closed in August 2017.

The acquisition of Altera provides Intel with key technology for dealing with data center, cloud, and the Internet of Things. Altera makes chips that can be reprogrammed after installation. Intel will combine its powerful Xeon processors, which handle dedicated tasks, with Altera's more chips, to give customers more flexibility.

In 2105 Intel completed the acquisition of Lantiq, a supplier of broadband access and home networking technologies. With the acquisition, Intel moves further into DSL and fiber markets. It made two other acquisitions of companies with I0T-related technologies.

Also in 2015 Intel invested nearly $1 billion in Beijing UniSpreadtrum Technology, a subsidiary of Tsinghua Holdings, to jointly develop chips for mobile phones based on Intel architectures.

Intel Corporation

Santa Clara, CA 95054-1549
Phone: 1 (408) 765-8080


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): 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
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West Chester, OH
Aloha, OR
Beaverton, OR
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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