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Intel

Intel is a semiconductor company headquartered in Santa Clara, California, founded by Robert Noyce and Gordon Moore in 1968; it introduced the 4004 microprocessor in 1971, its x86 processors have long powered personal computers, it has pursued a foundry strategy since 2021, and Lip-Bu TanLip-Bu TanLip-Bu Tan is a Malaysia-born entrepreneur and venture capitalist who founded Walden International in 1987, served as chief executive officer of Cadence Design Systems from 2009 to 2021, and has been chief executive officer of Intel since March 2025.Open the full entry has been its chief executive officer since 2025.

Contents22 sections
Key facts

Robert Noyce and Gordon Moore Found the Company

On July 18, 1968, Robert Noyce and Gordon Moore incorporated a venture that was later named Intel, and Andy Grove joined them shortly afterward. The company’s first year included settling on a new name for the business.⁠[1]

First Product and the 1103 DRAM

In 1969, Intel completed its first product and first sale and adopted its first logo; in 1970, the company released the 1103 dynamic random-access memory (DRAM).⁠[1]

Initial Public Offering and the 4004 Microprocessor

In 1971, Intel completed its initial public offering and built its first company-owned facility; that year it also introduced the electrically programmable read-only memory (EPROM) and the 4004, which the company describes as the world’s first electronically programmable microprocessor.⁠[1]

The 8080, the 8086 and the IBM PC

In 1974, Intel released the 8080 microprocessor; in 1975, its hardware powered the Altair 8800, one of the first personal computers; in 1978, the company launched the 8086 processor; and in 1979, Andy Grove became president and chief operating officer.⁠[1]

In 1981, IBM decided to use Intel processors in its new personal computer. In 1983, Intel’s revenue exceeded $1 billion for the first time.⁠[1]

Exit from the DRAM Business

In 1985, Intel decided to stop producing DRAMs.⁠[1]

The 386 Processor and Andy Grove Becomes CEO

In 1987, the 386 processor maintained its dominance and served as the basis for several new products; that year, Andy Grove became chief executive officer.⁠[1]

“Intel Inside” and the Pentium Processor

In 1991, Intel launched its “Intel Inside” advertising campaign and aired its first television ads; in 1993, the company released the Pentium processor, extending the x86 architecture; in 1994, the Universal Serial Bus (USB) made it easier to connect peripherals to PCs.⁠[1]

Xeon, Centrino, Multicore Processors and Leadership Changes

In 1998, Craig Barrett succeeded Andy Grove as chief executive officer, and Intel introduced the Xeon brand for high-performance enterprise customers. In 2003, the company released Centrino mobile technology; in 2005, Paul Otellini succeeded Craig Barrett as chief executive officer, and the company released its first multicore processor that year.⁠[1]

In 2006, Intel adopted a new logo, its biggest branding change since 1969; in 2008, the Core i7 and the Atom processor for mobile devices were introduced; in 2013, Brian Krzanich became chief executive officer.⁠[1]

Acquisitions of Altera and Mobileye

In 2015, Intel entered field-programmable components through its acquisition of Altera; in 2017, a merger with Mobileye strengthened its autonomous-driving business; in 2018, Intel’s revenue exceeded $70 billion for the first time; in 2019, Bob Swan was named permanent chief executive officer.⁠[1]

Pat Gelsinger Returns and the IDM 2.0 Strategy

In 2021, Pat Gelsinger, Intel’s former chief technology officer, returned to the company as chief executive officer.⁠[1]

On March 23, 2021, Gelsinger announced the “IDM 2.0” strategy, combining Intel’s internal factory network, expanded use of third-party foundry capacity and a new foundry service; Intel planned an estimated $20 billion investment to build two new factories in Arizona and created a standalone unit, Intel Foundry Services, led by Randhir Thakur, while also announcing a research collaboration with IBM on logic and packaging technologies.⁠[2]

Launch of Intel Foundry

On February 21, 2024, at the Intel Foundry Direct Connect event, Intel launched Intel Foundry, a systems foundry for the AI era, and added Intel 14A to its process roadmap; the company said its five-nodes-in-four-years plan remained on track, with the goal of regaining process leadership with Intel 18A in 2025, that MicrosoftMicrosoftMicrosoft is a technology company founded by Bill Gates and Paul Allen in 1975 and headquartered in Redmond, Washington, with businesses spanning Windows, Microsoft 365, Azure, enterprise software, artificial intelligence, gaming and devices.Open the full entry had chosen a chip design to produce on Intel 18A, and that the foundry’s expected lifetime deal value exceeded $15 billion.⁠[3]

Pat Gelsinger Retires

On December 2, 2024, Intel announced that Pat Gelsinger had retired effective December 1 and stepped down from the board; David Zinsner and Michelle Johnston Holthaus, the latter newly appointed to the created position of CEO of Intel Products, were named interim co-CEOs, and independent board chair Frank Yeary became interim executive chair.⁠[4]

Lip-Bu Tan Appointed Chief Executive Officer

On March 12, 2025, Intel’s board announced the appointment of Lip-Bu Tan as chief executive officer, effective March 18, succeeding the two interim co-CEOs; Tan, who had left the board in August 2024, rejoined it with the appointment, and Frank Yeary returned to the role of independent board chair.⁠[5]

Sale of a Majority Stake in Altera

On April 14, 2025, Intel announced the sale of 51% of its Altera business to Silver Lake in a deal valuing Altera at $8.75 billion, with Intel keeping the remaining 49% and Raghib Hussain succeeding Sandra Rivera as Altera’s chief executive officer effective May 5, 2025. The transaction closed on September 12, 2025.⁠[6][7]

SoftBank Group Invests $2 Billion

U.S. Government Takes an Equity Stake

On August 22, 2025, Intel reached an agreement with the Trump administration under which the U.S. government would buy about 433.3 million newly issued common shares at $20.47 per share, totaling $8.9 billion and equivalent to a 9.9% stake; the funds came from about $5.7 billion in previously awarded but unpaid CHIPS and Science Act grants and $3.2 billion from the Secure Enclave program.⁠[9][10]

The government also received a five-year warrant to buy an additional 5% of shares at $20 per share, exercisable only if Intel ceases to own at least 51% of the foundry business; it agreed, with limited exceptions, to vote with the board on matters requiring shareholder approval, and some shares are held in escrow until the Secure Enclave funds are disbursed.⁠[9][10]

NVIDIA Announces a $5 Billion Investment and Product Collaboration

On September 18, 2025, NVIDIA announced that it would invest $5 billion in Intel common stock at $23.28 per share, subject to regulatory approvals; the companies planned to connect their architectures using NVLink, with Intel building custom x86 CPUs for NVIDIA’s AI infrastructure platforms and offering x86 system-on-chips that integrate NVIDIA RTX GPU chiplets.⁠[11]

Second-Quarter 2026 Results

On July 23, 2026, Intel reported second-quarter 2026 revenue of $16.1 billion, up 25% year over year; the company said Intel 18A-P had entered risk production on schedule and that Xeon 6+ was its first server-class product on Intel 18A. As of June 27, 2026, total headcount was 82,300, compared with 101,400 a year earlier.⁠[12]

Lip-Bu Tan on Capital Constraints in the AI Buildout

On October 12, 2026, Intel chief executive officer Lip-Bu Tan shared a panel with Broadcom chief executive officer Hock Tan at the DBSDBSDBS is a Singapore-headquartered financial services group that began as the Development Bank of Singapore, founded in 1968; its 1998 acquisition of POSB made it Singapore’s largest retail bank, it has a presence in 19 markets, and it has been led by chief executive officer Tan Su Shan since March 2025.Open the full entry Asia Future Forward Conference in Singapore to discuss the outlook for AI; he said the challenge ahead was capital and the cost of capital, and that he saw no significant slowdown in the next two to three years.⁠[13]

As of October 2026: Current Status

As of October 2026, Intel is a Delaware-incorporated company headquartered in Santa Clara, California, whose shares trade under the symbol INTC on the Nasdaq Global Select Market, with Lip-Bu Tan as chief executive officer. The company planned to report third-quarter 2026 results after market close on October 29, 2026.⁠[10][5][14]

Related Organizations, Websites, and Public Accounts

Sources

  1. Intel Timeline (opens in a new window)
  2. Intel CEO Pat Gelsinger Announces ‘IDM 2.0’ Strategy for Manufacturing, Innovation and Product Leadership (Form 8-K Exhibit 99.1) (opens in a new window)
  3. Intel Launches World’s First Systems Foundry Designed for the AI Era (opens in a new window)
  4. Intel Announces Retirement of CEO Pat Gelsinger (Form 8-K Exhibit 99.1) (opens in a new window)
  5. Intel Appoints Lip-Bu Tan as Chief Executive Officer (opens in a new window)
  6. Intel Announces Strategic Investment by Silver Lake in Altera (opens in a new window)
  7. Intel Wraps Up Altera Stake Sale In Bid To Streamline Business (opens in a new window)
  8. SoftBank Group and Intel Corporation Sign $2B Investment Agreement (opens in a new window)
  9. Intel and Trump Administration Reach Historic Agreement to Accelerate American Technology and Manufacturing Leadership (Form 8-K Exhibit 99.1) (opens in a new window)
  10. Intel Corporation Form 8-K (August 22, 2025) (opens in a new window)
  11. NVIDIA and Intel to Develop AI Infrastructure and Personal Computing Products (opens in a new window)
  12. Intel Reports Second-Quarter 2026 Financial Results (Form 8-K exhibit) (opens in a new window)
  13. Broadcom CEO Hock Tan likens many AI investors to casino gamblers (opens in a new window)
  14. Intel to Report Third-Quarter 2026 Financial Results (opens in a new window)
  15. Intel (opens in a new window)