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114	114	= Company Overview =
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	116	+(% style="text-align:center" %)
	117	+[[image:manufacturing facilties of intel.jpg||alt="manufacturing facilities of Intel"]]
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116	116	Rober Noyce and Gordon Moore were among the founders of Fairchild Semiconductors in 1957. Fairchild was a thriving business. However, Noyce and Moore found that the parent company was not reinvesting enough in research and development. In 1968, this duo resigned from Fairchild with the thought in mind that they might start something that has not been offered yet. So, they started a company named Intel Corporation in 1968. The company started its operation on August 1, 1968 with about a dozen engineers working from a conference room in the old Union Carbide building on Middlefield Road in Mountain View, California. By the end of three years of operation, the company had already contributed several of the most important inventions of the twentieth century, begun turning a profit, and outgrown the facility that Moore had considered too large.
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	122	+[[image:intel's first logo.jpg||alt="launch of intel's first logo" height="497" width="745"]]
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118	118	Currently (Dated: October, 2022), Omar Ishrak is the Bangladeshi-American business executive currently serving as the Chairman of the Board of Intel. The company is helmed by Patrick Gelsinger as Chief Executive Officer of the company. David Zinsner serves as Chief Financial Officer. As of 2022, the company employs more than 121,000 employees worldwide.{{footnote}}https://www.intel.com/content/www/us/en/company-overview/company-overview.html{{/footnote}} The company has number of subsidiaries worldwide.{{footnote}}For a full a list visit - https://insights.greyb.com/intel-subsidiaries/{{/footnote}}
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120	120	== Equity Investments ==
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140	140	Intel has acquired Mobileye for $15.3 billion in 2017. Mobileye was involved with self-driving car technology. Under the terms of the agreement, Cyclops Holdings, LLC, a subsidiary of Intel commenced a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion. The tender offer (including the subsequent offering period) expired on August 21, 2017, at which time Intel had acquired approximately 97.3% of the outstanding ordinary shares of Mobileye.{{footnote}}https://intelandmobileye.transactionannouncement.com/{{/footnote}}
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	148	+=== Acquisition: Moovit ===
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	150	+Intel has acquired Moovit – a mobility as a service (MaaS) company, for a consideration of $915 million in 2020. Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. This deal brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030.{{footnote}}https://newsroom.intel.com/news-releases/intel-may-2020-acquisition/#gs.f1ai4u{{/footnote}} The goodwill and operating results of Moovit are included in Mobileye operating segment.
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	152	+=== Divesture: NAND Memory Business ===
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	154	+On October 2020, Intel signed an agreement with SK hynix Inc. to divest its NAND memory business for $9.0 billion in cash. The transaction is to be settled in two closings – first of which is closed on December 29, 2021 for $7 billion in cash, and the second is expected to be settled no earlier than March 2025. The company expect to recognize a pre-tax gain of $1.0 billion approximately and tax expenditure of $450 million approx.
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	156	+=== Divesture: Home Gateway Platform Division ===
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	158	+On July 31, 2020, Intel completed the divestiture of this CCG division for a proceed of $150 million. The divestiture includes transfer of certain employees, equipment, and an ongoing supply agreement for the future units.
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	160	+=== Divesture: Smartphone Modem Business ===
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	162	+Divesture of this segment was completed on December 2, 2019 for a consideration of $267 million. The deal included transfer of smartphone modem business, certain employees, IP equipment, and leases. The company recognized a pre-tax gain of $690 million on the divesture. Net assets sold were $267 million.
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	164	+= Competition and Strategy =
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	166	+Intel’s business is increasingly facing competition from companies such as AMD, Qualcomm Inc., and Apple Inc. AMD designs applications processors based on ARM architecture, and Apple recently launched its M1 Max and M1 Pro. The company expects that competition to intensify in the coming years.
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	168	+Intel partners with OEMs to identify innovation vectors and develop ecosystems like Windows/x86. The company launched 12^^th^^ Gen Intel Core desktop processors based on hybrid architecture that combines two new core microarchitectures instead of one and can scale across PC segments and out to the edge. This processor family is meant to deliver superior performance to the mentioned segments. The company expects to deliver more than 60 processors and 500 desktop and mobile designs from partners across major multinational corporations and leading manufacturers.
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	170	+The thrive of Intel for delivering premium PC experiences with Intel Evo and Intel vPro platforms is unique to it. On the Intel Evo platform, more than 100 advanced laptop designs have been built. Intel vPro is designed for enterprise needs and delivers increased productivity improvements, connectivity, security features, and remote manageability.
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	172	+== IDM 2.0 Strategy ==
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	174	+IDM 2.0 is a combination of Intel’s Internal Factory Network, Third-party Capacity and Net Intel Foundry Services.
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	176	+Since Intel’s founding in 1968, it has been an integrated device manufacturer, or IDM. That’s a company that both designs and builds its own semiconductor chips. In March, 2021, the CEO Pat Gelsinger introduced “IDM 2.0”, a major evolution of that strategy. Intel’s new IDM model includes significant manufacturing expansions, plans for Intel to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally, and expansion of Intel’s use of external foundries for some of its products.{{footnote}}https://www.intel.com/content/www/us/en/newsroom/news/idm2-strategy-defined-60-seconds.html#gs.f17zib{{/footnote}}
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	178	+As a part of this strategy, Intel announced manufacturing expansion plans beginning with ~~$20 billion investment to build two new fabs in Arizona. The company announced plans for new research collaboration with IBM.{{footnote}}https://www.intc.com/news-events/press-releases/detail/1451/intel-ceo-pat-gelsinger-announces-idm-2-0-strategy{{/footnote}}
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	180	+= Recent Development =
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	182	+* In 2021, Intel issued a total of $5.0 billion aggregate principal amount of senior notes. Net proceeds from the offerings are being used for general corporate purposes, which may include refinancing outstanding debt, funding for working capital, and capital expenditures. During 2021, the company repaid $500 million 1.70% senior notes that matured in May 2021 and $2.0 billion 3.30% senior notes that matured in October 2021.{{footnote}}10-K filing 2021, p.96{{/footnote}}
	183	+* In September 2022, Intel has announced its 13^^th^^ Gen Core processor for desktop computers.{{footnote}}https://timesofindia.indiatimes.com/gadgets-news/intel-announces-the-13th-gen-intel-core-processor-family/articleshow/94489670.cms{{/footnote}}
	184	+* The company is producing its chips with 100 billion transistors this year and targets to incorporate a trillion by 2030 to keep Moore’s Law alive which says number of transistors each year double in a chip, later revised to two years.{{footnote}}https://www.intel.com/content/www/us/en/company-overview/company-overview.html{{/footnote}}
	185	+* Reportedly, Intel is planning to cut 12,000 jobs, to be announced with Q3 results of 2022 by the end of October.{{footnote}}https://www.marketwatch.com/story/intel-reportedly-plans-to-lay-off-thousands-of-workers-with-details-potentially-emerging-alongside-quarterly-earnings-11665533944{{/footnote}}
	186	+* The company declared $0.365 quarterly dividend ($1.46 per share on an annual basis) on 15 September, 2022.{{footnote}}https://finance.yahoo.com/news/intel-declares-quarterly-cash-dividend-130000651.html{{/footnote}}
	187	+* Intel Corp.’s two primary research organizations, Intel Labs and Components Research, announced on Oct 05, 2022 that they’re making big progress as they work toward large-scale production of quantum computing processors.{{footnote}}https://siliconangle.com/2022/10/05/intel-hits-major-milestone-moves-toward-mass-production-quantum-computer-chips/{{/footnote}}
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