Intel Corporation is a global technology company that designs, develops, manufactures, and sells computer hardware and software products. Its core business revolves around the development of CPUs and related solutions, which are used in a wide range of computing devices, from PCs to data centers. Intel's primary revenue streams come from sales of these products to OEMs, ODMs, cloud service providers, and other manufacturers. The company aims to be a leader in the semiconductor industry by focusing on product leadership, open platforms, manufacturing at scale, and talent. Intel has a significant geographic presence with operations in North America, Europe, and Asia. Intel's competitive landscape includes companies like AMD, NVIDIA, Qualcomm, and Apple, as well as other companies that design their own custom silicon.

• Employees: 124,800 (as of December 30, 2023)
• Geographic Footprint: North America, Europe, and Asia
• Headquarters: Santa Clara, California
• Founded: 1968
• Number of locations/facilities: 9 manufacturing sites
• Revenue: $54.2 billion (FY2023)
• Market Capitalization: $140.0 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Mobileye, Intel Xeon, Intel Core, Intel Atom, Intel Arc

• CEO: Patrick P. Gelsinger
• CFO: David Zinsner
• Other Key Executives: Michelle Johnston Holthaus (Executive Vice President and General Manager, Client Computing Group), April Miller Boise (Executive Vice President, Chief Legal Officer and Corporate Secretary), Christoph Schell (Executive Vice President, Chief Commercial Officer and General Manager, Sales, Marketing and Communications Group)

Pat Gelsinger has been CEO since February 2021. Michelle Johnston Holthaus has been EVP and GM of the Client Computing Group since April 2022. April Miller Boise has been EVP and Chief Legal Officer since July 2022. Christoph Schell has been EVP, Chief Commercial Officer, and GM of Sales, Marketing and Communications Group since March 2022. David Zinsner has been EVP and CFO since January 2022.

• Annual Revenue: $54.2 billion (FY2023)
• Net Income: $1.7 billion (FY2023)
• Market Cap: $140.0 billion (as of June 30, 2023)
• Total Assets: $191.6 billion (as of December 30, 2023)
• Number of Employees: 124,800 (as of December 30, 2023)
• Key Financial Highlights: Revenue decreased 14% year-over-year. Gross margin decreased to 40%. Diluted EPS decreased 79% year-over-year. Operating cash flow decreased 26% year-over-year. Adjusted free cash flow decreased 191% year-over-year.

Intel's main products and services include:

• CPUs: Intel Core processors for notebooks and desktops, and Intel Xeon processors for data centers, cloud, and edge computing.
• GPUs: Intel Arc graphics cards for gaming and professional applications.
• Accelerators: Intel Gaudi AI accelerators, IPUs, and FPGAs.
• Software: oneAPI, OpenVINO, and other software tools and platforms.
• Foundry Services: Manufacturing services for other semiconductor companies through Intel Foundry Services (IFS).

Intel is also focused on bringing AI everywhere, from the client to the data center and edge.

Intel's business is organized into several key segments:

• Client Computing Group (CCG): Includes processors for notebooks and desktops.
• Data Center and AI (DCAI): Includes processors for data centers, cloud, and edge computing, as well as AI accelerators.
• Network and Edge (NEX): Includes processors and solutions for networking and edge computing.
• Mobileye: Develops advanced driver-assistance systems (ADAS) and autonomous driving technologies.
• Intel Foundry Services (IFS): Provides manufacturing services to other semiconductor companies.

Revenue breakdown by segments is available in the 10-K. In 2023, CCG revenue decreased 8%, DCAI revenue decreased 20%, and NEX revenue decreased 31% year-over-year. Intel is also in the process of establishing a new internal foundry model.

Intel's current strategic priorities include:

• Reclaiming process and product leadership.
• Bringing AI everywhere.
• Driving a resilient, diverse, and balanced supply chain.
• Implementing its IDM 2.0 strategy, which combines internal manufacturing, strategic use of foundry capacity, and an open system foundry.
• Expanding its manufacturing capacity in the US and Europe.
• Focusing on innovation and execution.
• Investing in both core and growth businesses.

Intel is also focused on unlocking value through strategic transactions, such as the sale of a minority stake in IMS and the secondary offering of Mobileye stock. The company is also working to operate its Programmable Solutions Group (PSG) as a standalone business.

Intel operates primarily in the semiconductor industry. Key trends affecting the business include:

• Increasing demand for computing power.
• The rise of AI and machine learning.
• The shift towards cloud and edge computing.
• Geopolitical tensions impacting supply chains.
• The need for a more resilient and geographically balanced supply chain.

Intel faces intense competition from companies like AMD, NVIDIA, Qualcomm, and Apple. Market share information is not explicitly stated in the 10-K.

• Competition: Intense competition and rapid technological change in the semiconductor industry.
• Manufacturing: Risks associated with long-term investments in R&D and manufacturing facilities.
• Supply Chain: Disruptions, delays, and shortages in the global supply chain.
• Product Defects: Risks related to product defects, errata, and other product issues.
• Cybersecurity: Increasing cybersecurity threats and privacy risks.