Intel Corporation

Overview

Intel is a global designer and manufacturer of semiconductor products. The company designs CPUs and other semiconductor solutions for consumers, enterprises, governments and education. Intel operates as an integrated device manufacturer (IDM): it designs, develops, manufactures and markets its own products and increasingly provides foundry services to external customers.

Reporting is organized into three main segments plus an all‑other category:

• Intel Products (design and marketing of CPUs and related products)
  • Subsegments: Client Computing Group (CCG) and Data Center and AI (DCAI)
• Intel Foundry (manufacturing, process development, and foundry services)
• All Other (non‑reportable and divested businesses, including Mobileye and IMS Nanofabrication; Altera divestiture completed September 12, 2025, with a retained 49% equity interest)

Core technologies and capabilities

• Process nodes and road map: Intel 7, Intel 4, Intel 3, Intel 18A (and Intel 18A‑P), Intel 14A (in development)
• Advanced packaging: EMIB, EMIB‑T, Foveros (Foveros‑B, Foveros‑R, Foveros‑S, Foveros Direct with hybrid‑bonding)
• Disaggregated tile architectures (multiple dies in a single package) enabled by advanced packaging
• Foundry services: wafer fabrication, packaging and test, chiplet integration, design enablement for external customers
• Software and developer ecosystem support, including AI frameworks such as PyTorch, TensorFlow, Hugging Face, vLLM and WebNN
• AI product strategy: Xeon CPUs, Arc GPUs, Gaudi accelerators (Gaudi inventory charges occurred in 2024–2025), IPUs, NPUs and workload‑optimized accelerators; ongoing development of inference and training GPUs (Crescent Island on Xe3P architecture; Jaguar Shores)

Geographic footprint and scale

Intel performs most manufacturing in the United States, with significant facilities in Oregon, Arizona, Ireland and Israel, supported by a broad global supply chain and customer base.

Key 2025 numbers (from the 2025 Form 10‑K)

• Employees: 85,100 as of December 27, 2025 (includes core Intel, Mobileye and other subsidiaries)
• Net revenue: $52,853 million for the year ended December 27, 2025
  • 2024: $53,101 million
  • 2023: $54,228 million
• Net income (loss) attributable to Intel:
  • 2025: -$267 million (diluted EPS: -$0.06)
  • 2024: -$18,756 million (diluted EPS: -$4.38)
  • 2023: $1,689 million (diluted EPS: $0.40)
• Segmental revenue (2025)
  • Intel Products (CCG + DCAI) total: $49,147 million
    • CCG: $32,228 million
    • DCAI: $16,919 million
  • Intel Foundry: $17,826 million (external revenue $307 million; the remainder is intersegment revenue)
  • All Other: $3,563 million (includes Mobileye and other non‑reportable activities)
• Geographic mix
  • 70% of 2025 revenue generated outside the United States
  • China accounted for 24% of total revenue in 2025
• Cash and liquidity (as of 12/27/2025)
  • Cash and cash equivalents: $14,265 million
  • Short‑term investments: $23,151 million
  • Total cash and short‑term investments: $37,416 million
  • Total debt: $46,585 million
  • 364‑day credit facility: $5.0 billion (to be replaced or amended before maturity in January 2026)
• Capital and contractual commitments
  • 2026 capital expenditure commitments: $9.1 billion
  • Binding commitments for purchases of goods/services in 2026: $2.2 billion (additional $4.5 billion long‑term)
• Other financial and operational highlights
  • U.S. government actions (CHIPS Act related) in August 2025 included stock issuance, warrants and escrow arrangements and accelerated disbursements
  • Altera divestiture: 51% of Altera sold on September 12, 2025; Intel deconsolidated Altera and retained a 49% equity interest accounted for using the equity method; sale generated a pre‑tax gain
  • Private placements: August 2025 sale of 87 million Intel shares to SoftBank Group for $2.0 billion; December 2025 sale of 215 million Intel shares to NVIDIA for $5.0 billion
  • Restructuring and headcount actions: 2025 restructuring charges of $2.191 billion (cash severance, asset impairments and other costs); 2024 restructuring charges of $6.970 billion; ongoing real estate consolidations and manufacturing footprint adjustments (Costa Rica consolidation into Vietnam and Malaysia; Ohio fab pacing adjustments)
  • R&D expense: $13.8 billion in 2025; $16.5 billion in 2024; $16.0 billion in 2023
  • Gross profit and margins: 2025 gross profit $18,375 million (gross margin 34.8%); 2024 gross profit $17,345 million (margin shown in the 10‑K)
  • 2025 net income drivers: gains on equity investments (net) of $514 million; interest and other net $3,257 million (including a $5.6 billion pre‑tax gain from the Altera divestiture); tax provision $1,531 million (effective tax rate 98.3%)

Business activities (detailed)

• Intel Products
  • Client Computing Group (CCG): develops and markets client CPUs and platforms for PCs and edge devices, including Intel Core and Intel Core Ultra families (Series 1/2/3 and commercial offerings), discrete Arc GPUs for consumer and gaming, edge variants, connectivity (Wi‑Fi, Bluetooth, Thunderbolt, Ethernet), and related software and AI framework support.
  • Data Center and AI (DCAI): provides data center and AI solutions including Xeon server CPUs, AI accelerators, IPUs, NICs and custom ASICs for AI, analytics and networking workloads; supports disaggregated architectures with accelerators and dedicated hardware plus software tooling and cloud/enterprise ecosystem.
  • Manufacturing is primarily performed by Intel Foundry; selective external manufacturing (including third‑party foundries such as TSMC) is used for certain tiles or products.
• Intel Foundry
  • Provides both leading‑edge and mature node manufacturing, including wafer fabrication, advanced packaging and chiplet integration, plus design enablement and ecosystem support for external customers. Foundry services are expanding, including collaborations such as with UMC for a 12nm process platform and development of Intel 18A and 14A node options for external use.
• All Other
  • Includes Mobileye (advanced driver assistance and self‑driving compute and perception stack), IMS Nanofabrication (mask writing tools) and other startup or divested assets. Mobileye reported revenue of about $1.9 billion in 2025.

Strategy and focus areas

• Transform company culture to be engineering‑focused and customer‑centric; simplify organization, reduce layers and improve capital discipline
• Advance x86 CPUs to support AI workloads, supported by U.S. node R&D, manufacturing and advanced packaging
• Grow the external foundry business to attract third‑party customers and help fund continued process R&D and U.S. manufacturing
• Expand AI workload opportunities by building purpose‑built ASICs and GPUs, continuing Xeon with accelerators and a broader software stack, and developing successive generations of inference‑optimized GPUs
• Maintain integrated manufacturing leadership in the U.S. while pursuing external foundry growth to ensure supply resilience and strategic capacity

Summary

Intel designs and manufactures a wide range of CPUs and semiconductor solutions for PC/edge and data center workloads, and is expanding its foundry business to offer external manufacturing and packaging services. The company operates through Intel Products (CCG and DCAI), Intel Foundry, and All Other (including Mobileye and IMS), invests heavily in leading‑edge process technology and packaging, and reported approximately 85,100 employees, $52.9 billion in net revenue and a net loss attributable to Intel of $267 million for 2025, with ongoing capital expenditure plans and government funding activity.