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==Corporate affairs== === Business trends === The key trends for Intel are (as of the financial year ending in late December):<ref>{{Cite web |title=Intel Fundamentalanalyse {{!}} KGV {{!}} Kennzahlen |url=https://www.boerse.de/fundamental-analyse/Intel-Aktie/US4581401001 |access-date=July 23, 2024 |website=boerse.de |language=de}}</ref> {| class="wikitable" style="text-align:center" !Year !Revenue (US$ bn) !Net profit (US$ bn) !Total assets (US$ bn) !Employees (k) |- |2017 |62.7 |9.6 |123 |102 |- |2018 |70.8 |21.0 |127 |107 |- |2019 |71.9 |21.0 |136 |110 |- |2020 |77.8 |20.8 |153 |110 |- |2021 |79.0 |19.8 |168 |121 |- |2022 |63.0 |8.0 |182 |131 |- |2023 |54.2 |1.6 |191 |124 |- |2024 |53.1 |−19.2 |196 |109 |} ===Leadership and corporate structure=== [[File:Otellini Barrett Maloney.jpg|thumb|Paul Otellini, Craig Barrett and [[Sean Maloney (technology)|Sean Maloney]] in 2006]] [[Robert Noyce]] was Intel's CEO at its founding in 1968, followed by co-founder [[Gordon Moore]] in 1975. [[Andy Grove]] became the company's president in 1979 and added the CEO title in 1987 when Moore became chairman. In 1998, Grove succeeded Moore as chairman, and [[Craig Barrett (Intel President)|Craig Barrett]], already company president, took over. On May 18, 2005, Barrett handed the reins of the company over to [[Paul Otellini]], who had been the company president and COO and who was responsible for Intel's design win in the original [[IBM PC]]. The board of directors elected Otellini as president and CEO, and Barrett replaced Grove as [[Board of directors|Chairman of the Board]]. Grove stepped down as chairman but is retained as a special adviser. In May 2009, Barrett stepped down as chairman of the board and was succeeded by Jane Shaw. In May 2012, Intel vice chairman Andy Bryant, who had held the posts of CFO (1994) and Chief Administrative Officer (2007) at Intel, succeeded Shaw as executive chairman.<ref>{{cite press release|url=http://newsroom.intel.com/community/intel_newsroom/blog/2012/01/20/intel-announces-management-changes|title=Intel Announces Management Changes|publisher=Intel|date=January 20, 2012|access-date=December 25, 2012|archive-date=January 25, 2013|archive-url=https://web.archive.org/web/20130125031245/http://newsroom.intel.com/community/intel_newsroom/blog/2012/01/20/intel-announces-management-changes|url-status=live}}</ref> In November 2012, president and CEO Paul Otellini announced that he would step down in May 2013 at the age of 62, three years before the company's mandatory retirement age. During a six-month transition period, Intel's board of directors commenced a search process for the next CEO, in which it considered both internal managers and external candidates such as [[Sanjay Jha (businessman)|Sanjay Jha]] and Patrick Gelsinger.<ref>{{cite web|title=Intel CEO Paul Otellini to step down in May, leaves a legacy of x86 dominance|url=https://www.engadget.com/2012/11/19/intel-ceo-paul-otellini-to-step-down-in-may/|work=Engadget|publisher=AOL Inc|access-date=May 16, 2013|author=Terrence O'Brien|date=November 19, 2012|archive-date=May 22, 2013|archive-url=https://web.archive.org/web/20130522232433/http://www.engadget.com/2012/11/19/intel-ceo-paul-otellini-to-step-down-in-may/|url-status=live}}</ref> Financial results revealed that, under Otellini, Intel's revenue increased by 55.8% (US$34.2 to 53.3 billion), while its net income increased by 46.7% (US$7.5 billion to 11 billion).<ref>{{cite web|title=On the Impact of Paul Otellini's CEO Years at Intel|url=http://techpinions.com/on-the-impact-of-paul-otellinis-ceo-years-at-intel/15800|work=Tech.pinions|access-date=May 16, 2013|author=Peter Kastner|date=May 6, 2013|archive-date=July 1, 2013|archive-url=https://web.archive.org/web/20130701182941/http://techpinions.com/on-the-impact-of-paul-otellinis-ceo-years-at-intel/15800|url-status=live}}</ref> On May 2, 2013, Executive Vice President and COO [[Brian Krzanich]] was elected as Intel's sixth CEO,<ref name="Alexis">{{cite web|title=Paul Otellini's Intel: Can the Company That Built the Future Survive It?|url=https://www.theatlantic.com/technology/archive/2013/05/can-the-company-that-built-the-future-survive-it/275825/ |work=The Atlantic Monthly|publisher=The Atlantic Media Group|access-date=May 16, 2013|author=ALEXIS C. MADRIGAL|date=May 16, 2013 |archive-url=https://web.archive.org/web/20200828034416/http://www.theatlantic.com/technology/archive/2013/05/paul-otellinis-intel-can-the-company-that-built-the-future-survive-it/275825/ |archive-date=August 28, 2020 |url-status=live}}</ref> a selection that became effective on May 16, 2013, at the company's annual meeting. Reportedly, the board concluded that an insider could proceed with the role and exert an impact more quickly, without the need to learn Intel's processes, and Krzanich was selected on such a basis.<ref>{{cite press release|url=http://newsroom.intel.com/community/intel_newsroom/blog/2013/05/02/intel-board-elects-brian-krzanich-as-ceo|title=Intel Board Elects Brian Krzanich as CEO|publisher=Intel|access-date=May 4, 2013|archive-date=January 3, 2016|archive-url=https://web.archive.org/web/20160103074653/http://newsroom.intel.com/community/intel_newsroom/blog/2013/05/02/intel-board-elects-brian-krzanich-as-ceo|url-status=live}}</ref> Intel's software head [[Renée James]] was selected as president of the company, a role that is second to the CEO position.<ref>{{cite news|title=Intel's CEO Pick Is Predictable, but Not Its No. 2|url=https://www.wsj.com/articles/SB10001424127887324766604578458650267324178|access-date=May 16, 2013|newspaper=The Wall Street Journal|date=May 2, 2013|author=DON CLARK|author2=JOANN S. LUBLIN|archive-date=August 5, 2020|archive-url=https://web.archive.org/web/20200805003733/https://www.wsj.com/articles/SB10001424127887324766604578458650267324178|url-status=live}}</ref> As of May 2013, Intel's board of directors consists of Andy Bryant, John Donahoe, Frank Yeary, Ambassador [[Charlene Barshefsky]], [[Susan Decker]], [[Reed Hundt]], Paul Otellini, James Plummer, David Pottruck, and David Yoffie and Creative director [[will.i.am]]. The board was described by former ''Financial Times'' journalist Tom Foremski as "an exemplary example of corporate governance of the highest order" and received a rating of ten from GovernanceMetrics International, a form of recognition that has only been awarded to twenty-one other corporate boards worldwide.<ref>{{cite web|title=Meet Intel's King Makers – A Truly Exemplary Board Of Directors|url=http://www.siliconvalleywatcher.com/mt/archives/2013/05/meet_intels_king_make.php|work=Silicon Valley Watcher|publisher=Tom Foremski|access-date=May 16, 2013|author=Tom Foremski|date=May 1, 2013|archive-date=May 26, 2013|archive-url=https://web.archive.org/web/20130526193228/http://www.siliconvalleywatcher.com/mt/archives/2013/05/meet_intels_king_make.php|url-status=dead}}</ref> On June 21, 2018, Intel announced the resignation of Brian Krzanich as CEO, with the exposure of a relationship he had with an employee. [[Robert H. Swan|Bob Swan]] was named interim CEO, as the Board began a search for a permanent CEO. On January 31, 2019, Swan transitioned from his role as CFO and interim CEO and was named by the Board as the seventh CEO to lead the company.<ref>{{cite web|url=https://newsroom.intel.com/news/swan-email-intel-employees-customers-partners/|title=Robert (Bob) Swan's Email to Intel Employees, Customers and Partners on First Day as CEO|website=Intel Newsroom|language=en-US|access-date=January 31, 2019|archive-date=February 1, 2019|archive-url=https://web.archive.org/web/20190201065428/https://newsroom.intel.com/news/swan-email-intel-employees-customers-partners/|url-status=live}}</ref> On January 13, 2021, Intel announced that Swan would be replaced as CEO by [[Pat Gelsinger]], effective February 15. Gelsinger is a former Intel chief technology officer who had previously been head of [[VMWare]].<ref>{{cite news |last1=Fitch |first1=Asa |title=Intel Ousts CEO Bob Swan |url=https://www.wsj.com/articles/intel-ceo-bob-swan-steps-down-11610548665 |access-date=January 14, 2021 |work=[[The Wall Street Journal]] |date=January 13, 2021 |archive-date=January 19, 2023 |archive-url=https://web.archive.org/web/20230119111903/https://www.wsj.com/articles/intel-ceo-bob-swan-steps-down-11610548665 |url-status=live }}</ref> In March 2021, Intel removed the mandatory retirement age for its corporate officers.<ref>{{cite web | url=https://www.tomshardware.com/news/tsmc-founder-pat-gelsinger-may-not-have-time#:~:text=Update%2C%2012%2F13%2F2021,as%20asserted%20by%20Morris%20Chang | title=TSMC Founder: Pat Gelsinger Too Old to Make Intel Great Again | date=December 8, 2021 }}</ref> In October 2023, Intel announced it would be spinning off its Programmable Solutions Group business unit into a separate company at the start of 2024, while maintaining majority ownership and intending to seek an IPO within three years to raise funds.<ref name="psg-spinoff1" /><ref name="spinoff2">{{Cite web |last=Leswing |first=Kif |date=October 3, 2023 |title=Intel plans to IPO programmable chip unit within three years; stock rises after hours |url=https://www.cnbc.com/2023/10/03/intel-plans-to-ipo-programmable-chip-unit-within-three-years.html |publisher=[[CNBC]] |access-date=October 5, 2023 |archive-date=October 4, 2023 |archive-url=https://web.archive.org/web/20231004164922/https://www.cnbc.com/2023/10/03/intel-plans-to-ipo-programmable-chip-unit-within-three-years.html |url-status=live }}</ref> On December 1, 2024, Pat Gelsinger retired from the position of Intel CEO and stepped down from the company’s board of directors.<ref name="cnbc-retirement">{{cite news |last1= |first1= |date=December 2, 2024 |title=Intel CEO Pat Gelsinger is out, stock up 5% |url=https://www.cnbc.com/2024/12/02/intel-ceo-pat-gelsinger-is-out.html |work=CNBC |language=en-US |access-date=December 2, 2024}}</ref><ref name="wsj-retirement">{{cite news |last1= |first1= |date=December 2, 2024 |title=Intel CEO Gelsinger Retires, Leaves Board |url=https://www.wsj.com/tech/intel-ceo-gelsinger-retires-leaves-board-cb2478e6 |work=WSJ |language=en-US |access-date=December 2, 2024}}</ref> David Zinsner and Michelle Johnston Holthaus were named as interim co-CEO's.<ref>{{Cite news |last=Press |first=Associated |date=December 2, 2024 |title=Intel CEO Pat Gelsinger retires amid chipmaker's struggles |url=https://www.theguardian.com/technology/2024/dec/02/intel-ceo-pat-gelsinger |access-date=December 2, 2024 |work=The Guardian |language=en-GB |issn=0261-3077}}</ref> On March 13, 2025, it was announced that he would be formally replaced by American [[Lip-Bu Tan]] starting March 18, 2025.<ref>{{Cite web |last=Tan |first=Lip-Bu |title=Intel Press Announcement |date=March 12, 2025 |url=https://www.intc.com/news-events/press-releases/detail/1730/intel-appoints-lip-bu-tan-as-chief-executive-officer }}</ref> === Ownership === The 10 largest shareholders of Intel as of December 2023 were:<ref>{{Cite web |title=Intel Corporation (INTC) Stock Major Holders - Yahoo Finance |url=https://finance.yahoo.com/quote/INTC/holders/ |access-date=March 6, 2024 |website=finance.yahoo.com |language=en-US}}</ref> * [[Vanguard Group]] (9.12% of shares) * [[BlackRock]] (8.04%) * [[State Street Corporation|State Street]] (4.45%) * [[Capital Group Companies|Capital International]] (2.29%) * [[Geode Capital Management]] (2.01%) * [[PRIMECAP|Primecap]] (1.78%) * [[Capital Group Companies|Capital Research Global Investors]] (1.63%) * [[Morgan Stanley]] (1.18%) * [[Norges Bank]] (1.14%) * [[Northern Trust]] (1.05%) ===Board of directors=== {{As of| March 2023}}:<ref>{{cite web |url=https://www.intel.com/content/www/us/en/newsroom/board-of-directors.html?filters=[-7300596454,2661798488 |title=Intel Board |access-date=March 8, 2023 |archive-date=January 2, 2024 |archive-url=https://web.archive.org/web/20240102184754/https://www.intel.com/content/www/us/en/newsroom/board-of-directors.html?filters=%5B-7300596454,2661798488 |url-status=live }}</ref> * Frank D. Yeary (chairman), managing member of Darwin Capital * [[Jim Goetz|James Goetz]], managing director of [[Sequoia Capital]] * [[Andrea Goldsmith (engineer)|Andrea Goldsmith]], dean of engineering and applied science at [[Princeton University]] * Alyssa Henry, [[Square, Inc.]] executive * [[Omar Ishrak]], chairman and former CEO of [[Medtronic]] * [[Risa Lavizzo-Mourey]], former president and CEO of the [[Robert Wood Johnson Foundation]] * [[Tsu-Jae King Liu]], professor at the [[UC Berkeley College of Engineering]] * Barbara G. Novick, co-founder of [[BlackRock]] * Gregory Smith, CFO of [[Boeing]] * [[Dion Weisler]], former president and CEO of [[HP Inc.]] * [[Lip-Bu Tan]], executive chairman of [[Cadence Design Systems]] ===Employment=== [[File:Intel Costa 12 2007 SJO 105b.jpg|thumb|Intel microprocessor facility in [[Costa Rica]] was responsible in 2006 for 20% of Costa Rican exports and 4.9% of the country's GDP.<ref>{{cite news|url=http://eleconomista.es/empresas-finanzas/noticias/81837/10/06/Intel-supone-el-49-por-ciento-del-PIB-de-Costa-Rica.html|title=Intel supone el 4,9 por ciento del PIB de Costa Rica|date=October 6, 2006|newspaper=El Economista|access-date=April 13, 2008|language=es|archive-date=January 7, 2019|archive-url=https://web.archive.org/web/20190107034119/https://www.eleconomista.es/empresas-finanzas/noticias/81837/10/06/Intel-supone-el-49-por-ciento-del-PIB-de-Costa-Rica.html|url-status=live}}</ref>]] Prior to March 2021, Intel has a mandatory retirement policy for its CEOs when they reach age 65. Andy Grove retired at 62, while both Robert Noyce and Gordon Moore retired at 58. Grove retired as chairman and as a member of the board of directors in 2005 at age 68. Intel's headquarters are located in Santa Clara, California, and the company has [[List of Intel manufacturing sites|operations around the world]]. Its largest workforce concentration anywhere is in [[Washington County, Oregon]]<ref name="oregonian-2012oct">{{cite news|last=Rogoway|first=Mike|title=Intel makes a bet on the future, and Oregon, with massive Hillsboro expansion|newspaper=[[The Oregonian]]|date=October 24, 2012|location=Portland, Oregon|url=http://www.oregonlive.com/silicon-forest/index.ssf/2012/10/intel_makes_a_bet_on_oregon_an.html|access-date=August 9, 2015|archive-date=September 24, 2015|archive-url=https://web.archive.org/web/20150924145424/http://www.oregonlive.com/silicon-forest/index.ssf/2012/10/intel_makes_a_bet_on_oregon_an.html|url-status=live}}</ref> (in the [[Portland metropolitan area]]'s "[[Silicon Forest]]"), with 18,600 employees at several facilities.<ref name="oregonian-2015aug8">{{cite news|last=Rogoway|first=Mike|title=Intel layoffs: Employees say chipmaker changed the rules, undermining 'meritocracy'|newspaper=[[The Oregonian]]|date=August 8, 2015|url=http://www.oregonlive.com/silicon-forest/index.ssf/2015/08/intel_layoffs_former_employees.html|access-date=August 9, 2015|archive-date=August 10, 2015|archive-url=https://web.archive.org/web/20150810222622/http://www.oregonlive.com/silicon-forest/index.ssf/2015/08/intel_layoffs_former_employees.html|url-status=live}}</ref> Outside the United States, the company has facilities in China, Costa Rica, [[Malaysia]], Israel, Ireland, India, [[Russia]], Argentina and [[Vietnam]], in 63 countries and regions internationally. In March 2022, Intel stopped supplying the Russian market because of [[international sanctions during the Russo-Ukrainian War]].<ref>{{cite web|url=https://www.interfax.ru/business/826190|title=Intel приостановила поставки своей продукции в Россию и Белоруссию|language=ru|date=March 4, 2022|publisher=[[Интерфакс]]|access-date=March 21, 2022|archive-date=March 14, 2022|archive-url=https://web.archive.org/web/20220314183459/https://www.interfax.ru/business/826190|url-status=live}}</ref> In the U.S. Intel employs significant numbers of people in California, [[Colorado]], [[Massachusetts]], [[Arizona]], [[New Mexico]], [[Oregon]], Texas, [[Washington (state)|Washington]] and [[Utah]]. In Oregon, Intel is the state's largest private employer.<ref name="oregonian-2015aug8" /><ref name="businessprofile">Suh, Elizabeth (October 28, 2007). [http://www.oregonlive.com/special/oregonian/index.ssf?/base/news/1192589730189230.xml&coll=7 Home of Oregon's largest employer and much more.] {{Webarchive|url=https://web.archive.org/web/20160304061822/http://www.oregonlive.com/special/oregonian/index.ssf?/base/news/1192589730189230.xml&coll=7 |date=March 4, 2016 }} ''[[The Oregonian]]''.</ref> The company is the largest industrial employer in [[New Mexico]] while in Arizona the company has 12,000 employees as of January 2020.<ref>{{cite web|title=Intel in Arizona|url=https://www.intel.com/content/www/us/en/corporate-responsibility/intel-in-arizona.html|access-date=February 14, 2021|website=Intel|language=en|archive-date=February 13, 2021|archive-url=https://web.archive.org/web/20210213234924/https://www.intel.com/content/www/us/en/corporate-responsibility/intel-in-arizona.html|url-status=live}}</ref> Intel invests heavily in research in China and about 100 researchers{{snd}}or 10% of the total number of researchers from Intel{{snd}}are located in Beijing.<ref>{{cite web |author=Mads Ølholm |website=SemiAccurate |url=http://www.semiaccurate.com/2011/06/13/intel-chinese-microprocessor-development-inefficient/ |title=Intel: Chinese microprocessor development inefficient |date=June 13, 2011 |access-date=September 9, 2024}}</ref> In 2011, the Israeli government offered Intel $290 million to expand in the country. As a condition, Intel would employ 1,500 more workers in [[Kiryat Gat]] and between 600 and 1000 workers in the north.<ref>Peter Clarke, ''[[EE Times]]''. [http://eetimes.com/electronics-news/4218253/Israel-Intel-grant-expand "Israel offers Intel $290 million for expansion"] {{Webarchive|url=https://web.archive.org/web/20110827192612/http://eetimes.com/electronics-news/4218253/Israel-Intel-grant-expand |date=August 27, 2011 }}. July 27, 2011. Retrieved July 27, 2011.</ref> In January 2014, it was reported that Intel would cut about 5,000 jobs from its workforce of 107,000. The announcement was made a day after it reported earnings that missed analyst targets.<ref>{{cite news |url=https://venturebeat.com/2014/01/17/intel-to-cut-more-than-5000-employees/#! |title=Intel to cut more than 5,000 employees |publisher=[[Venture Beat]] |date=January 18, 2014 |access-date=September 1, 2017 |archive-date=July 27, 2017 |archive-url=https://web.archive.org/web/20170727145029/https://venturebeat.com/2014/01/17/intel-to-cut-more-than-5000-employees/#! |url-status=live }}</ref> In March 2014, it was reported that Intel would embark upon a $6 billion plan to expand its activities in Israel. The plan calls for continued investment in existing and new Intel plants until 2030. {{As of|2014}}, Intel employs 10,000 workers at four development centers and two production plants in Israel.<ref>IsraelBizReg{{snd}}Israel Company Profiles. [https://www.israelbizreg.com/blog/intel-invest-6-billion-israel-unprecedented-deal "Intel to invest $6 billion in Israel in unprecedented deal"] {{Webarchive|url=https://web.archive.org/web/20140911155307/https://www.israelbizreg.com/blog/intel-invest-6-billion-israel-unprecedented-deal|date=September 11, 2014}}. May 8, 2014. Retrieved September 11, 2014.</ref> Due to declining PC sales, in 2016 Intel cut 12,000 jobs.<ref>{{cite web|last=King|first=Ian|date=April 19, 2016|title=Intel to Cut 12,000 Jobs, Forecast Misses Amid PC Blight|website=[[Bloomberg News]]|url=https://www.bloomberg.com/news/articles/2016-04-19/intel-cuts-12-000-jobs-forecast-misses-as-pc-blight-takes-toll|access-date=March 7, 2017|archive-date=April 28, 2017|archive-url=https://web.archive.org/web/20170428052302/https://www.bloomberg.com/news/articles/2016-04-19/intel-cuts-12-000-jobs-forecast-misses-as-pc-blight-takes-toll|url-status=live}}</ref> In 2021, Intel reversed course under new CEO Pat Gelsinger and started hiring thousands of engineers.<ref>{{cite web|last=Bylund|first=Anders|date=April 24, 2021|title=Here's Why Intel Stock Crashed After a Great Q1 Report|url=https://www.fool.com/investing/2021/04/24/heres-why-intel-stock-crashed-after-a-great-q1-rep/|website=The Motley Fool|language=en|access-date=November 8, 2021|archive-date=November 8, 2021|archive-url=https://web.archive.org/web/20211108215140/https://www.fool.com/investing/2021/04/24/heres-why-intel-stock-crashed-after-a-great-q1-rep/|url-status=live}}</ref> ==== Diversity ==== Intel has a Diversity Initiative, including employee diversity groups,<ref name="Intel Diversity">{{cite web |url=http://www.intel.com/jobs/diversity/index.htm |title=Jobs at Intel – Diversity |access-date=July 28, 2007 |publisher=Intel Corporation |archive-date=October 25, 2007 |archive-url=https://web.archive.org/web/20071025061233/http://www.intel.com/jobs/diversity/index.htm |url-status=live }}</ref> as well as a [[supplier diversity]] program.<ref>Intel, [https://www.intel.com/content/www/us/en/supplier/corporate-responsibility.html#tab-blade-1-6 Supplier Diversity & Inclusion], accessed on September 14, 2024</ref> Like many companies with employee diversity groups, they include groups based on race and nationality as well as sexual identity and religion. In 1994, Intel sanctioned one of the earliest corporate Gay, Lesbian, Bisexual, and Transgender employee groups,<ref name="gay">{{usurped|1=[https://web.archive.org/web/20070209204620/http://www.intelglbt.org/ Intel Gay, Lesbian, Bisexual or Transgender Employees Home Page]}}. Intelglbt.org (July 16, 2008). Retrieved July 8, 2011.</ref> and supports a Muslim employees group,<ref name="IMEG">{{cite web|url=http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=13 |title=Jobs at Intel – Diversity, Employee Groups (Intel Muslim Employee Group) |access-date=July 28, 2007 |publisher=Intel Corporation |archive-url=https://web.archive.org/web/20060624003954/http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=13 |archive-date=June 24, 2006}}</ref> a Jewish employees group,<ref name="IJC">{{cite web|url=http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=11 |title=Jobs at Intel – Diversity, Employee Groups (Intel Jewish Community) |access-date=July 28, 2007 |publisher=Intel Corporation |archive-url = https://web.archive.org/web/20080202081009/http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=11 |archive-date=February 2, 2008}}</ref> and a Bible-based Christian group.<ref name="IBCN">{{cite web|url=http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=7 |title=Jobs at Intel – Diversity, Employee Groups (Intel Bible-Based Christian Network) |access-date=July 28, 2007 |publisher=Intel Corporation |archive-url=https://web.archive.org/web/20070311222133/http://www.intel.com/jobs/diversity/people/emplgroups.htm?grp=7 |archive-date=March 11, 2007}}</ref><ref name="IBCN website">[http://ibcn.org/ Intel Bible-Based Christian Network (IBCN) website] {{Webarchive|url=https://web.archive.org/web/20071007114938/http://www.ibcn.org/ |date=October 7, 2007 }}. IBCN (April 8, 2011). Retrieved July 8, 2011.</ref> Intel has received a 100% rating on numerous [[Corporate Equality Index|Corporate Equality Indices]] released by the [[Human Rights Campaign]] including the first one released in 2002. In addition, the company is frequently named one of the 100 Best Companies for Working Mothers by ''[[Working Mother]]'' magazine. In January 2015, Intel announced the investment of $300 million over the next five years to enhance gender and racial diversity in their own company as well as the technology industry as a whole.<ref name="GamasutraIntel">[https://www.gamedeveloper.com/business/intel-to-invest-300-million-in-tech-game-diversity Intel to invest $300 million in tech, game diversity] . Graft, Kris. [[Gamasutra]]. January 7, 2015</ref><ref name="PCM">[https://www.pcmag.com/article2/0,2817,2474749,00.asp Intel Announces $300 Million Tech Diversity Initiative] {{Webarchive|url=https://web.archive.org/web/20171022120943/https://www.pcmag.com/article2/0,2817,2474749,00.asp |date=October 22, 2017 }}. Moscaritolo, Angela. ''[[PC Magazine]]''. January 7, 2015</ref><ref name="Intel">[http://newsroom.intel.com/community/intel_newsroom/blog/2015/01/06/intel-ceo-outlines-future-of-computing Intel CEO Outlines Future of Computing] {{Webarchive|url=https://web.archive.org/web/20160114101106/http://newsroom.intel.com/community/intel_newsroom/blog/2015/01/06/intel-ceo-outlines-future-of-computing |date=January 14, 2016 }}. Intel, January 6, 2015</ref><ref>Nick Wingfield, "[https://www.nytimes.com/2015/01/07/technology/intel-budgets-300-million-for-diversity.html Intel Budgets $300 Million for Diversity] {{Webarchive|url=https://web.archive.org/web/20150107122321/http://www.nytimes.com/2015/01/07/technology/intel-budgets-300-million-for-diversity.html |date=January 7, 2015 }}", ''The New York Times''</ref><ref name="WiredUK">[https://www.wired.co.uk/news/archive/2015-01/07/intel-diversity Intel announces fund for greater tech diversity] {{webarchive |url=https://web.archive.org/web/20150225035112/http://www.wired.co.uk/news/archive/2015-01/07/intel-diversity |date=February 25, 2015}}. Kamen, Matt. [[Wired UK]], January 7, 2015.</ref> In February 2016, Intel released its Global Diversity & Inclusion 2015 Annual Report.<ref name="Intel Diversity Report 2015">{{cite web |url=http://www.intel.com/content/www/us/en/diversity/diversity-in-technology-annual-report.html |title=Intel Diversity Report 2015 |access-date=February 5, 2016 |publisher=Intel Corporation |archive-date=February 6, 2016 |archive-url=https://web.archive.org/web/20160206043236/http://www.intel.com/content/www/us/en/diversity/diversity-in-technology-annual-report.html |url-status=live }}</ref> The male-female mix of US employees was reported as 75.2% men and 24.8% women. For US employees in technical roles, the mix was reported as 79.8% male and 20.1% female.<ref name="Intel Diversity Report 2015" /> [[NPR]] reports that Intel is facing a retention problem (particularly for [[African Americans]]), not just a pipeline problem.<ref name="NPR Report Intel Diversity">{{cite news |url=https://www.npr.org/sections/alltechconsidered/2016/02/03/465270938/intel-discloses-diversity-data-challenges-tech-industry-to-follow-suit |title=Intel Discloses Diversity Data, Challenges Industry to Follow Suit |newspaper=NPR.org |access-date=February 5, 2016 |publisher=National Public Radio |archive-date=February 4, 2016 |archive-url=https://web.archive.org/web/20160204153506/http://www.npr.org/sections/alltechconsidered/2016/02/03/465270938/intel-discloses-diversity-data-challenges-tech-industry-to-follow-suit |url-status=live }}</ref> ====Economic impact in Oregon in 2009==== In 2011, ECONorthwest conducted an [[economic impact analysis]] of Intel's economic contribution to the state of Oregon. The report found that in 2009 "the total economic impacts attributed to Intel's operations, capital spending, contributions and taxes amounted to almost $14.6 billion in activity, including $4.3 billion in personal income and 59,990 jobs".<ref>{{cite news|last=Eckert|first=Kurt|title=Intel Boosts County, State Economies|newspaper=[[Hillsboro Argus]]|date=October 18, 2011|url=http://www.oregonlive.com/argus/index.ssf/2011/10/intel_boosts_county_state_econ.html|access-date=September 20, 2012|archive-date=October 11, 2012|archive-url=https://web.archive.org/web/20121011214432/http://www.oregonlive.com/argus/index.ssf/2011/10/intel_boosts_county_state_econ.html|url-status=live}}</ref> Through multiplier effects, every 10 Intel jobs supported, on average, was found to create 31 jobs in other sectors of the economy.<ref>{{cite web|publisher=ECONorthwest|title=Economic Impacts of Intel's Oregon Operations, 2009|date=October 2011|url=http://www.intel.com/content/dam/www/public/us/en/documents/reports/intel-oregon-economic-impact-report.pdf|access-date=September 20, 2012|archive-date=January 16, 2013|archive-url=https://web.archive.org/web/20130116171246/http://www.intel.com/content/dam/www/public/us/en/documents/reports/intel-oregon-economic-impact-report.pdf|url-status=live}}</ref> ===Supply chain=== Intel has been addressing supply base reduction as an issue since the mid-1980's, adopting an "n + 1" [[rule of thumb]], whereby the maximum number of suppliers required to maintain production levels for each component is determined, and no more than one additional supplier is engaged with for each component.<ref>Morgan, James P. (ed.) (1995), "Inside Intel", Purchasing's Book of Winners, p. 101, quoted in Moore, N. Y. ''et al.'' (2002), [https://www.rand.org/content/dam/rand/pubs/documented_briefings/2005/DB334.pdf Implementing Best Purchasing and Supply Management Practices: Lessons from Innovative Commercial Firms], prepared for the US Air Force, Rand, pages 155-156, accessed on September 14, 2024</ref> === Intel Israel === Intel has been operating in the State of [[Israel]] since [[Dov Frohman]] founded the Israeli branch of the company in 1974 in a small office in [[Haifa]]. Intel Israel currently has development centers in Haifa, [[Jerusalem]] and [[Petah Tikva]], and has a manufacturing plant in the [[Kiryat Gat]] industrial park that develops and manufactures microprocessors and communications products. Intel employed about 10,000 employees in Israel in 2013. Maxine Fesberg has been the CEO of Intel Israel since 2007 and the Vice President of Intel Global. In December 2016, Fesberg announced her resignation, her position of [[chief executive officer]] (CEO) has been filled by Yaniv Gerti since January 2017. In June 2024, the company announced that it was stopping development on a Kiryat Gat-based factory in Israel. The site was expected to cost $25 billion, with $3.2 billion provided by the Israeli government in the form of a grant.<ref>{{cite web |title=Chipmaker Intel to halt $25-billion Israel plant, news website says |url=https://www.reuters.com/world/middle-east/intel-halting-25-billion-factory-expansion-israel-israeli-media-report-2024-06-10/ |website=Reuters |access-date=June 12, 2024}}</ref> ===Key acquisitions and investments (2010–present)=== {{main|List of mergers and acquisitions by Intel}} In 2010, Intel purchased [[McAfee]], a manufacturer of computer security technology, for $7.68 billion.<ref>{{cite news|title=Intel in $7.68bn McAfee takeover|url=https://www.bbc.co.uk/news/business-11025866|work=BBC News|access-date=August 19, 2010|date=August 19, 2010|archive-date=October 31, 2018|archive-url=https://web.archive.org/web/20181031040203/https://www.bbc.co.uk/news/business-11025866|url-status=live}}</ref> As a condition for regulatory approval of the transaction, Intel agreed to provide rival security firms with all necessary information that would allow their products to use Intel's chips and personal computers.<ref>{{cite web|title=Intel wins conditional approval from EU for McAfee acquisition of $ 7.68 billion|url=http://techshrimp.com/2011/01/26/intel-wins-conditional-approval-from-eu-for-mcafee-acquisition-of-7-68-billion/|publisher=TechShrimp|access-date=January 26, 2011|date=January 26, 2011|url-status=dead|archive-url=https://web.archive.org/web/20110129221008/http://techshrimp.com/2011/01/26/intel-wins-conditional-approval-from-eu-for-mcafee-acquisition-of-7-68-billion/|archive-date=January 29, 2011}}</ref> After the acquisition, Intel had about 90,000 employees, including about 12,000 software engineers.<ref name="wsj2011">{{Cite news |last=Clark |first=Nick Wingfield And Don |date=2011-01-05 |title=Microsoft Alliance With Intel Shows Age |url=https://www.wsj.com/articles/SB10001424052748703808704576062073117494078 |archive-url=https://web.archive.org/web/20200801194159/https://www.wsj.com/articles/SB10001424052748703808704576062073117494078 |archive-date=August 1, 2020 |access-date=2025-05-20 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref> In September 2016, Intel sold a majority stake in its computer-security unit to [[TPG Capital]], reversing the five-year-old McAfee acquisition.<ref>{{Cite news |last=Mattioli |first=Dana |last2=Clark |first2=Don |last3=Jarzemsky |first3=Matt |date=2016-09-07 |title=Intel Agrees to Sell Majority Stake in Security Unit to TPG |url=https://www.wsj.com/articles/intel-nears-deal-to-sell-mcafee-security-unit-to-tpg-1473277803 |archive-url=https://web.archive.org/web/20200801194028/https://www.wsj.com/articles/intel-nears-deal-to-sell-mcafee-security-unit-to-tpg-1473277803 |archive-date=August 1, 2020 |access-date=2025-05-20 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref> In August 2010, Intel and [[Infineon Technologies]] announced that Intel would acquire Infineon's Wireless Solutions business.<ref>[https://web.archive.org/web/20100831182126/http://www.zdnet.co.uk/news/mobile-devices/2010/08/31/intel-buys-infineons-wireless-wing-for-4g-lift-off-40089960/ Intel buys Infineon's wireless wing for 4G lift-off], a August 31, 2010, ZDNet</ref> Intel planned to use Infineon's technology in laptops, smart phones, netbooks, tablets and embedded computers in consumer products, eventually integrating its wireless modem into Intel's silicon chips.<ref>{{Cite web |title=VIDEO: Intel CFO Talks About Acquisition Strategy |url=http://www.institutionalinvestor.com/Article.aspx?ArticleID=2726870 |archive-url=http://web.archive.org/web/20170701180758/http://www.institutionalinvestor.com/Article.aspx?ArticleID=2726870 |archive-date=2017-07-01 |access-date=2025-05-20 |website=www.institutionalinvestor.com}}</ref> In March 2011, Intel bought most of the assets of Cairo-based SySDSoft.<ref>{{Cite web |last=Takahashi |first=Dean |date=2011-03-14 |title=Intel buys 4G wireless software firm SySDSoft |url=https://venturebeat.com/mobile/intel-buys-4g-lte-sysdsoft-in-egypt/ |archive-url=https://web.archive.org/web/20110316080318/https://venturebeat.com/2011/03/14/intel-buys-4g-lte-sysdsoft-in-egypt/ |archive-date=March 16, 2011 |access-date=2025-05-20 |website=VentureBeat |language=en-US}}</ref> In July 2011, Intel announced that it had agreed to acquire Fulcrum Microsystems Inc., a company specializing in network switches.<ref name="EETimes">{{Cite web |last=McGrath |first=Dylan |date=2011-07-19 |title=Fulcrum buy could signal shift for Intel |url=https://www.eetimes.com/Fulcrum-buy-could-signal-shift-for-Intel-/ |archive-url=https://web.archive.org/web/20110722191249/http://www.eetimes.com/electronics-news/4217982/Fulcrum-buy-could-signal-shift-for-Intel- |archive-date=July 22, 2011 |access-date=2025-05-20 |website=EE Times}}</ref> The company used to be included on the EE Times list of 60 Emerging Startups.<ref name="EETimes" /> In October 2011, Intel reached a deal to acquire Telmap, an Israeli-based navigation software company. The purchase price was not disclosed, but Israeli media reported values around $300 million to $350 million.<ref>{{cite news|url=https://www.nytimes.com/2011/10/03/technology/intel-reaches-deal-to-acquire-navigation-software-maker.html|title=Intel Reaches Deal to Acquire Navigation Software Maker|newspaper=[[The New York Times]]|agency=Reuters|date=October 2, 2011|access-date=October 25, 2022|archive-date=July 31, 2020|archive-url=https://web.archive.org/web/20200731105113/https://www.nytimes.com/2011/10/03/technology/intel-reaches-deal-to-acquire-navigation-software-maker.html|url-status=live}}</ref> In July 2012, Intel agreed to buy 10% of the shares of [[ASML Holding]] NV for $2.1 billion and another $1 billion for 5% of the shares that need shareholder approval to fund relevant research and development efforts, as part of a EUR3.3 billion ($4.1 billion) deal to accelerate the development of 450-millimeter wafer technology and extreme ultra-violet lithography by as much as two years.<ref>{{cite news |url=https://www.bloomberg.com/news/2012-07-09/intel-agrees-to-buy-10-stake-in-asml-for-about-2-1-billion.html |title=Intel Investing $4.1 Billion in ASML to Speed Production |date=July 11, 2012 |work=Bloomberg |first=Ian |last=King |access-date=March 7, 2017 |archive-date=February 16, 2014 |archive-url=https://web.archive.org/web/20140216044330/http://www.bloomberg.com/news/2012-07-09/intel-agrees-to-buy-10-stake-in-asml-for-about-2-1-billion.html |url-status=live }}</ref> In July 2013, Intel confirmed the acquisition of [[Omek Interactive]], an Israeli company that makes technology for gesture-based interfaces, without disclosing the monetary value of the deal. An official statement from Intel read: "The acquisition of Omek Interactive will help increase Intel's capabilities in the delivery of more immersive perceptual computing experiences." One report estimated the value of the acquisition between US$30 million and $50 million.<ref name="Omek">{{cite web|title=Gesture In The Picture, As Intel Picks Up Omek But PrimeSense Dismisses Apple Acquisition Rumors|url=https://techcrunch.com/2013/07/16/gesture-in-the-picture-as-intel-reportedly-picks-up-omek-but-primesense-dismisses-apple-acquisition-rumors/|work=TechCrunch|publisher=AOL Inc.|access-date=September 14, 2013|author=Ingrid Lunden|date=July 16, 2013|archive-date=September 16, 2013|archive-url=https://web.archive.org/web/20130916073315/http://techcrunch.com/2013/07/16/gesture-in-the-picture-as-intel-reportedly-picks-up-omek-but-primesense-dismisses-apple-acquisition-rumors/|url-status=live}}</ref> The acquisition of a Spanish [[natural language recognition]] startup, Indisys was announced in September 2013. The terms of the deal were not disclosed but an email from an Intel representative stated: "Intel has acquired Indisys, a privately held company based in Seville, Spain. The majority of Indisys employees joined Intel. We signed the agreement to acquire the company on May 31 and the deal has been completed." Indysis explains that its artificial intelligence (AI) technology "is a human image, which converses fluently and with common sense in multiple languages and also works in different platforms".<ref name="Ai">{{cite web|title=Intel Has Acquired Natural Language Processing Startup Indisys, Price "North" Of $26M, To Build Its AI Muscle|url=https://techcrunch.com/2013/09/13/intel-has-acquired-natural-language-processing-startup-indisys-price-north-of-26m/?ncid=tcdaily|work=TechCrunch|publisher=AOL Inc|access-date=September 14, 2013|author=Ingrid Lunden|date=September 13, 2013|archive-date=October 22, 2013|archive-url=https://web.archive.org/web/20131022164338/http://techcrunch.com/2013/09/13/intel-has-acquired-natural-language-processing-startup-indisys-price-north-of-26m/?ncid=tcdaily|url-status=live}}</ref> In December 2014, Intel bought PasswordBox.<ref>{{cite news | url=https://thenextweb.com/apps/2014/12/01/intel-acquires-identity-management-service-passwordbox/ | title=Intel acquires identity management service PasswordBox | work=The Next Web | access-date=December 1, 2014 | archive-date=December 2, 2014 | archive-url=https://web.archive.org/web/20141202030027/https://thenextweb.com/apps/2014/12/01/intel-acquires-identity-management-service-passwordbox/ | url-status=live }}</ref> In January 2015, Intel purchased a 30% stake in Vuzix, a smart glasses manufacturer. The deal was worth $24.8 million.<ref>{{cite web |url=https://www.theverge.com/2015/1/5/7493439/intel-buys-stake-in-google-glass-rival-vuzix |website=The Verge |title=Intel buys $25 million stake in Google Glass rival Vuzix |access-date=January 6, 2014 |archive-date=January 6, 2015 |archive-url=https://web.archive.org/web/20150106012744/http://www.theverge.com/2015/1/5/7493439/intel-buys-stake-in-google-glass-rival-vuzix |url-status=live }}</ref> In February 2015, Intel announced its agreement to purchase German network chipmaker Lantiq, to aid in its expansion of its range of chips in devices with Internet connection capability.<ref>{{cite news |url=http://uk.reuters.com/article/lantiq-ma-intel-idUKL6N0VB0DP20150202 |title=Intel buys former Infineon "Internet of Things" chip unit Lantiq |work=Reuters |access-date=February 2, 2015 |date=February 2, 2015 |archive-date=December 20, 2015 |archive-url=https://web.archive.org/web/20151220072032/http://uk.reuters.com/article/lantiq-ma-intel-idUKL6N0VB0DP20150202 |url-status=dead }}</ref> In June 2015, Intel announced its agreement to purchase FPGA design company [[Altera]] for $16.7 billion, in its largest acquisition to date.<ref name="The Wall Street Journal">{{cite news |url=https://www.wsj.com/articles/intel-agrees-to-buy-altera-for-16-7-billion-1433162006 |title=Intel Agrees to Buy Altera for $16.7 Billion |newspaper=The Wall Street Journal |access-date=June 1, 2015 |first1=Don |last1=Clark |first2=Dana |last2=Cimilluca |date=June 1, 2015 |archive-date=November 18, 2020 |archive-url=https://web.archive.org/web/20201118001605/https://www.wsj.com/articles/intel-agrees-to-buy-altera-for-16-7-billion-1433162006 |url-status=live }}{{Subscription required}}</ref> The acquisition completed in December 2015.<ref>{{cite news |url=http://www.eweek.com/servers/intel-completes-16.7-billion-altera-deal.html |title=Intel Completes $16.7 Billion Altera Deal |last=Burt |first=Jeffrey |date=December 28, 2015 |work=eWeek |access-date=December 29, 2015}}</ref> In October 2015, Intel bought [[cognitive computing]] company [[Saffron Technology]] for an undisclosed price.<ref name="saffron">{{cite magazine|magazine=[[Fortune (magazine)|Fortune]]|title=Intel buys Saffron AI because it can't afford to miss the next big thing in tech again|url=http://fortune.com/2015/10/26/intel-buys-saffron/|date=October 26, 2015|access-date=January 28, 2015|archive-date=November 8, 2020|archive-url=https://web.archive.org/web/20201108111027/https://fortune.com/2015/10/26/intel-buys-saffron/|url-status=live}}</ref> In August 2016, Intel purchased deep-learning startup [[Nervana Systems]] for over $400 million.<ref>{{cite news|last1=Fried|first1=Ina|title=Intel is paying more than $400 million to buy deep-learning startup Nervana Systems|url=http://www.recode.net/2016/8/9/12413600/intel-buys-nervana--350-million|access-date=August 9, 2016|archive-date=April 30, 2019|archive-url=https://web.archive.org/web/20190430030653/https://www.recode.net/2016/8/9/12413600/intel-buys-nervana--350-million|url-status=dead}}</ref> In December 2016, Intel acquired computer vision startup [[Movidius]] for an undisclosed price.<ref name="movidius">{{cite news |url=https://www.wsj.com/articles/intel-to-buy-semiconductor-startup-movidius-1473170441 |title=Intel to Buy Semiconductor Startup Movidius |first1=Don |last1=Clark |first2=Joshua |last2=Jamerson |newspaper=The Wall Street Journal |date=September 6, 2016 |via=www.wsj.com |access-date=March 7, 2017 |archive-date=November 8, 2020 |archive-url=https://web.archive.org/web/20201108112754/https://www.wsj.com/articles/intel-to-buy-semiconductor-startup-movidius-1473170441 |url-status=live }}</ref> In March 2017, Intel announced that they had agreed to purchase [[Mobileye]], an Israeli developer of "autonomous driving" systems for US$15.3 billion.<ref name="BBC">{{cite news|title=Intel buys driverless car technology firm Mobileye|url=https://www.bbc.co.uk/news/business-39253422|access-date=March 13, 2017|work=BBC|date=March 13, 2017|archive-date=August 15, 2021|archive-url=https://web.archive.org/web/20210815213045/https://www.bbc.co.uk/news/business-39253422|url-status=live}}</ref> In June 2017, Intel Corporation announced an investment of over {{INRConvert|1100|c}} for its upcoming Research and Development (R&D) centre in [[Bangalore]], India.<ref>''[[Hindustan Times]]''. [http://www.hindustantimes.com/business-news/intel-investing-rs-1-100-cr-in-india-afresh-to-generate-3000-jobs/story-SMJnOffvm2Y4vyuTSWnLTK.html "Intel Corporation investing Rs 1,100 crore in India afresh"] {{Webarchive|url=https://web.archive.org/web/20170621164745/http://www.hindustantimes.com/business-news/intel-investing-rs-1-100-cr-in-india-afresh-to-generate-3000-jobs/story-SMJnOffvm2Y4vyuTSWnLTK.html |date=June 21, 2017 }}. June 14, 2017. Retrieved June 26, 2017.</ref> In January 2019, Intel announced an investment of over $11 billion on a new Israeli chip plant, as told by the Israeli Finance Minister.<ref>{{cite news|url=https://www.reuters.com/article/us-israel-intel-idUSKCN1PM2GT|title=Intel to invest $11 billion on new Israeli chip plant: Israel...|date=January 29, 2019|work=Reuters|access-date=January 29, 2019|language=en|archive-date=October 31, 2020|archive-url=https://web.archive.org/web/20201031103606/https://www.reuters.com/article/us-israel-intel-idUSKCN1PM2GT|url-status=live}}</ref> In November 2021, Intel recruited some of the employees of the [[Centaur Technology]] division from [[VIA Technologies]], a deal worth $125 million, and effectively acquiring the talent and know-how of their x86 division.<ref>{{cite news |last1=Smith |first1=Ryan |title=VIA To Offload Parts of x86 Subsidiary Centaur to Intel For $125 Million |url=https://www.anandtech.com/show/17049/via-to-offload-parts-of-x86-subsidiary-centaur-to-intel-for-125-million |access-date=November 11, 2021 |work=AnandTech |date=November 5, 2021 |archive-date=November 11, 2021 |archive-url=https://web.archive.org/web/20211111202409/https://www.anandtech.com/show/17049/via-to-offload-parts-of-x86-subsidiary-centaur-to-intel-for-125-million |url-status=live }}</ref><ref>{{cite news |last1=Dobberstein |first1=Laura |title=Intel pays VIA $125m to acquire its x86 design talent |url=https://www.theregister.com/2021/11/08/via_sells_centaur_staff_to_intel/ |access-date=November 11, 2021 |work=The Register |date=November 8, 2021 |archive-date=November 11, 2021 |archive-url=https://web.archive.org/web/20211111202414/https://www.theregister.com/2021/11/08/via_sells_centaur_staff_to_intel/ |url-status=live }}</ref> VIA retained the x86 licence and associated patents, and its Zhaoxin CPU joint-venture continues.<ref>{{cite web |url=https://www.tomshardware.com/news/last-x86-via-chip-centuar-cns-cpu-tested |title=The Last x86 Via Chip: Unreleased Next-Gen Centaur CNS Saved From Trash Bin, Tested | Tom's Hardware |publisher=Tomshardware.com |date=February 20, 2022 |accessdate=July 18, 2022 |archive-date=June 20, 2022 |archive-url=https://web.archive.org/web/20220620093135/https://www.tomshardware.com/news/last-x86-via-chip-centuar-cns-cpu-tested |url-status=live }}</ref> In December 2021, Intel said it will invest $7.1 billion to build a new chip-packaging and testing factory in Malaysia. The new investment will expand the operations of its Malaysian subsidiary across Penang and Kulim, creating more than 4,000 new Intel jobs and more than 5,000 local construction jobs.<ref>{{cite web|date=December 16, 2021|title=Intel to invest $7 billion in new plant in Malaysia, creating 9,000 jobs|url=https://www.cnbc.com/2021/12/16/intel-to-invest-7-billion-in-new-malaysia-plant-creating-9000-jobs.html|access-date=December 20, 2021|website=CNBC|language=en|archive-date=January 14, 2022|archive-url=https://web.archive.org/web/20220114171224/https://www.cnbc.com/2021/12/16/intel-to-invest-7-billion-in-new-malaysia-plant-creating-9000-jobs.html|url-status=live}}</ref> In December 2021, Intel announced its plan to take Mobileye automotive unit via an [[Initial public offering|IPO]] of newly issued stock in 2022, maintaining its majority ownership of the company.<ref>{{cite news|last1=Metz|first1=Cade|title=Intel will take its Mobileye automotive unit public in 2022|url=https://www.nytimes.com/2021/12/06/technology/intel-mobileye-ipo.html|work=The New York Times|date=December 6, 2021|access-date=January 9, 2022|archive-date=January 9, 2022|archive-url=https://web.archive.org/web/20220109195415/https://www.nytimes.com/2021/12/06/technology/intel-mobileye-ipo.html|url-status=live}}</ref> In February 2022, Intel agreed to acquire Israeli chip manufacturer [[Tower Semiconductor]] for $5.4 billion.<ref>{{Cite web|title=Intel nears $6 billion deal to buy Tower Semiconductor|url=https://money.yahoo.com/intel-nearing-6-billion-deal-221806593.html|access-date=February 15, 2022|website=Yahoo|date=February 14, 2022|language=en-US|archive-date=June 11, 2022|archive-url=https://web.archive.org/web/20220611233320/https://money.yahoo.com/intel-nearing-6-billion-deal-221806593.html|url-status=live}}</ref><ref>{{Cite web|date=February 15, 2022|title=Intel to acquire contract chipmaker Tower Semiconductor for $5.4B|url=https://venturebeat.com/2022/02/15/intel-to-acquire-contract-chipmaker-tower-semiconductor-for-5-4b/|first=Paul|last=Sawers|website=VentureBeat|language=en-US|access-date=February 15, 2022|archive-date=June 6, 2022|archive-url=https://web.archive.org/web/20220606134113/https://venturebeat.com/2022/02/15/intel-to-acquire-contract-chipmaker-tower-semiconductor-for-5-4b/|url-status=live}}</ref> In August 2023, Intel terminated the acquisition as it failed to obtain approval from [[State Administration for Market Regulation|Chinese regulators]] within the 18-month transaction deadline.<ref>{{Cite web|title=Intel scraps $5.4 bln Tower deal after China review delay|url=https://www.reuters.com/technology/intel-walk-away-54-bln-acquisition-tower-semiconductor-sources-2023-08-16/-sources-2023-08-16/|access-date=August 16, 2023|website=Reuters|language=en-US}}</ref><ref>{{Cite web|last1=Clark|first1=Don|last2=Bradsher|first2=Keith|date=August 16, 2023|title=China Scuttles a $5.4 Billion Microchip Deal Led by U.S. Giant Intel|url=https://www.nytimes.com/2023/08/16/business/intel-tower-semiconductor-china.html|access-date=August 16, 2023|work=The New York Times|language=en-US|archive-date=October 13, 2023|archive-url=https://web.archive.org/web/20231013233127/http://www.nytimes.com/2023/08/16/business/intel-tower-semiconductor-china.html|url-status=live}}</ref> In May 2022, Intel announced that they have acquired Finnish graphics technology firm Siru innovations. The firm founded by ex-AMD Qualcomm mobile GPU engineers, is focused on developing software and silicon building blocks for GPU's made by other companies and is set to join Intel's fledgling Accelerated Computing Systems and Graphics Group.<ref>{{cite journal|date=May 3, 2022|url=https://www.theregister.com/2022/05/03/intel_siru_innovations/|title=Intel acquires graphics tech biz founded by ex-AMD, Qualcomm engineers|journal=The Register|access-date=May 6, 2022|archive-date=May 6, 2022|archive-url=https://web.archive.org/web/20220506125121/https://www.theregister.com/2022/05/03/intel_siru_innovations/|url-status=live}}</ref> In May 2022, it was announced that Ericsson and Intel have pooled to launch a tech hub in California to focus on the research and development of cloud [[Radio access network|RAN]] technology. The hub focuses on improving Ericsson Cloud RAN and Intel technology, including improving energy efficiency and network performance, reducing time to market, and monetizing new business opportunities such as enterprise applications.<ref>{{cite journal|date=May 17, 2022|url=https://www.telecomtv.com/content/open-ran/ericsson-and-intel-launch-global-cloud-ran-tech-hub-44483/|title=Ericsson and Intel launch global Cloud RAN Tech Hub|journal=Telecom TV|access-date=May 18, 2022|archive-date=May 17, 2022|archive-url=https://web.archive.org/web/20220517192300/https://www.telecomtv.com/content/open-ran/ericsson-and-intel-launch-global-cloud-ran-tech-hub-44483/|url-status=live}}</ref> In April 2024, Intel reached a definitive agreement to sell 51% of Altera to [[Silver Lake (investment firm)|Silver Lake]]. With this sale and Silver Lake now owning a majority stake, Intel also announced the cancellation of the potential IPO being conducted for Altera.<ref>{{Cite web |last=Cornell |first=Joe |date=Apr 16, 2025 |title=Intel Cancels IPO Carveout Of Altera |url=https://www.forbes.com/sites/joecornell/2025/04/16/intel-cancels-ipo-carveout-of-altera/ |access-date=2025-05-04 |website=Forbes |language=en}}</ref> ===Ultrabook fund (2011)=== In 2011, Intel Capital announced a new fund to support startups working on technologies in line with the company's concept for next-generation notebooks.<ref name="ultrabook">{{Cite web |last=Merritt |first=Rick |date=2011-08-11 |title=Intel Capital launches $300M ultrabook fund |url=https://www.eetimes.com/Intel-Capital-launches--300M-ultrabook-fund/ |archive-url=https://web.archive.org/web/20110930202658/http://eetimes.com/electronics-news/4218699/Intel-Capital-launches--300M-ultrabook-fund |archive-date=September 30, 2011 |access-date=2025-05-20 |website=EE Times}}</ref> The company is setting aside a $300 million fund to be spent over the next three to four years in areas related to ultrabooks.<ref name="ultrabook" /> Intel announced the ultrabook concept at Computex in 2011. The ultrabook is defined as a thin (less than 0.8 inches [~2 cm] thick<ref name="jeffrey" />) notebook that utilizes Intel processors<ref name="jeffrey" /> and also incorporates tablet features such as a touch screen and long battery life.<ref name="ultrabook" /><ref name="jeffrey" /> At the Intel Developers Forum in 2011, four Taiwan ODMs showed prototype ultrabooks that used Intel's Ivy Bridge chips.<ref>Rick Merritt, ''[[EE Times]]''. [http://eetimes.com/electronics-news/4227333/Intel-shows-progress-on-ultrabook-vision "Intel shows progress on ultrabook vision"] {{Webarchive|url=https://web.archive.org/web/20110923092745/http://www.eetimes.com/electronics-news/4227333/Intel-shows-progress-on-ultrabook-vision |date=September 23, 2011 }}. September 14, 2011. Retrieved September 14, 2011.</ref> Intel plans to improve power consumption of its chips for ultrabooks, like new Ivy Bridge processors in 2013, which will only have 10W default thermal design power.<ref>{{cite web |last=Shilov |first=Anton |date=2012-05-12 |title=Intel Readies "Ivy Bridge" Processors with 7W – 13W Power Consumption. |url=http://www.xbitlabs.com/news/cpu/display/20121205221523_Intel_Readies_Ivy_Bridge_Processors_with_10W_and_13W_Thermal_Design_Power.html |url-status=dead |archive-url=https://web.archive.org/web/20130214120949/http://www.xbitlabs.com/news/cpu/display/20121205221523_Intel_Readies_Ivy_Bridge_Processors_with_10W_and_13W_Thermal_Design_Power.html |archive-date=February 14, 2013 |access-date=February 19, 2013 |publisher=X-bit labs}}</ref> Intel's goal for Ultrabook's price is below $1000;<ref name="jeffrey">{{Cite web |last=Burt |first=Jeff |date=2011-09-20 |title=Intel Ultrabook Partners Look for Cut in Chip Prices: Report |url=https://www.eweek.com/mobile/intel-ultrabook-partners-look-for-cut-in-chip-prices-report/ |access-date=2025-05-20 |website=eWEEK |language=en-US}}</ref> however, according to two presidents from Acer and Compaq, this goal will not be achieved if Intel does not lower the price of its chips.<ref>{{Cite web |date=2011-09-20 |title=Intel downstream partners request CPU price drop |url=https://www.digitimes.com/news/a20110919PD214.html |archive-url=https://web.archive.org/web/20190529180751/http://www.digitimes.com/news/a20110919PD214.html |archive-date=May 29, 2019 |access-date=2025-05-20 |website=DIGITIMES |language=en}}</ref> === Open source support === Intel has a significant participation in the [[Open-source software|open source]] communities since 1999.<ref>{{cite web|title=About|website=01.org|url=https://01.org/zh/about|access-date=November 26, 2014|archive-date=September 3, 2015|archive-url=https://web.archive.org/web/20150903232144/https://01.org/zh/about|url-status=dead}}</ref>{{Self-published source|date=August 2018}} For example, in 2006 Intel released [[MIT license|MIT-licensed]] [[X.Org Server|X.org]] drivers for their integrated [[graphic card]]s of the i965 family of chipsets. Intel released [[FreeBSD]] drivers for some networking cards,<ref>{{cite web|date=November 27, 2005|title=FreeBSD Kernel Interfaces Manual|url=http://www.freebsd.org/cgi/man.cgi?query=em|access-date=August 5, 2007|work=freebsd.org|publisher=The FreeBSD Project}}</ref> available under a BSD-compatible license,<ref name="bsd.em">{{cite web|author=Intel Corporation|editor=[[OpenBSD]]|title=if_em.c (Intel PRO/1000 10/100/Gigabit Ethernet device)|url=http://bxr.su/OpenBSD/sys/dev/pci/if_em.c|website=BSD Cross Reference, OpenBSD src/sys/dev/pci/}}</ref> which were also ported to [[OpenBSD]].<ref name="bsd.em" /> Binary [[firmware]] files for non-wireless [[Ethernet]] devices were also released under a [[BSD licence]] allowing [[Freely redistributable software|free redistribution]].<ref>{{cite web|title=fxp/fxp-license|url=http://bxr.su/OpenBSD/sys/dev/microcode/fxp/fxp-license|website=BSD Cross Reference, OpenBSD src/sys/dev/microcode/}}</ref> Intel ran the [[Moblin project]] until April 23, 2009, when they handed the project over to the [[Linux Foundation]]. Intel also runs the ''LessWatts.org'' campaigns.<ref>[http://www.lesswatts.org/about.php About] {{webarchive|url=https://web.archive.org/web/20080603083454/http://www.lesswatts.org/about.php|date=June 3, 2008}}. Lesswatts.org. Retrieved July 8, 2011.</ref> However, after the release of the wireless products called Intel Pro/Wireless 2100, 2200BG/2225BG/2915ABG and 3945ABG in 2005, Intel was criticized for not granting free redistribution rights for the [[firmware]] that must be included in the operating system for the wireless devices to operate.<ref>{{Cite news|last=Varghese|first=Sam|date=March 1, 2005|title=OpenBSD to support more wireless chipsets|work=The Age|publisher=The Age Company Ltd|location=Melbourne, Australia|url=http://www.theage.com.au/articles/2005/03/01/1109546842718.html|access-date=August 5, 2007}}</ref> As a result of this, Intel became a target of campaigns to allow free operating systems to include binary firmware on terms acceptable to the [[free software movement|open source community]]. [[Linspire]]-[[Linux]] creator [[Michael Robertson (businessman)|Michael Robertson]] outlined the difficult position that Intel was in releasing to [[Open-source model|open source]], as Intel did not want to upset their large customer [[Microsoft]].<ref name="M.Robertson">{{cite web|last=Robertson|first=Michael|date=March 19, 2003|title=Is Intel's "Centrino" Techno-Latin for "No Linux?"|url=http://www.michaelrobertson.com/archive.php?minute_id=56|url-status=dead|archive-url=https://web.archive.org/web/20051028082001/http://michaelrobertson.com/archive.php?minute_id=56|archive-date=October 28, 2005|access-date=August 5, 2007|work=michaelrobertson.com}}</ref> [[Theo de Raadt]] of [[OpenBSD]] also claimed that Intel is being "an Open Source fraud" after an Intel employee presented a distorted view of the situation at an open source conference.<ref name="Theo">{{cite web|last=de Raadt|first=Theo|date=September 30, 2006|title=Intel: Only "Open" for Business|url=http://www.undeadly.org/cgi?action=article&sid=20060930232710&mode=expanded|access-date=August 5, 2007|work=[[OpenBSD Journal]]}}</ref> In spite of the significant negative attention Intel received as a result of the wireless dealings, the binary firmware still{{when|date=May 2025}} has not gained a license compatible with free software principles.<ref>{{cite web|date=February 15, 2014|title=ipw – Intel PRO/Wireless 2100 IEEE 802.11b wireless network device, Sh FILES|url=http://bxr.su/OpenBSD/share/man/man4/ipw.4#92|access-date=December 28, 2014|website=BSD Cross Reference, OpenBSD share/man/man4/|quote=These firmware files are not free because Intel refuses to grant distribution rights without contractual obligations. As a result, even though OpenBSD includes the driver, the firmware files cannot be included and users have to find these files on their own.}}</ref><ref>{{Cite web |title=ipw(4) - OpenBSD manual pages |url=http://man.openbsd.org/ipw.4 |access-date=2025-05-20 |website=man.openbsd.org}}</ref><ref>{{Cite web |title=iwi(4) - OpenBSD manual pages |url=http://man.openbsd.org/iwi.4 |access-date=2025-05-20 |website=man.openbsd.org}}</ref><ref>{{Cite web |title=wpi(4) - OpenBSD manual pages |url=http://man.openbsd.org/wpi.4 |access-date=2025-05-20 |website=man.openbsd.org}}</ref><ref>{{Cite web |title=iwn(4) - OpenBSD manual pages |url=http://man.openbsd.org/iwn.4 |access-date=2025-05-20 |website=man.openbsd.org}}</ref> Intel has also supported other open source projects such as [[Blender (software)|Blender]]<ref>{{cite web|last=Foundation|first=Blender|title=Intel signs up as Corporate Patron|url=https://www.blender.org/press/intel-signs-up-as-corporate-patron/|access-date=December 22, 2021|website=blender.org|date=December 21, 2021 |language=en}}</ref> and [[Open 3D Engine]].<ref>{{cite web|title=O3DE|url=https://o3de.org/|access-date=December 22, 2021|website=o3de.org}}</ref>
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