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In 2024, Intel's revenue amounted to approximately **** billion U.S. dollars, down from the **** billion U.S. dollars that the company recorded in the previous year. 

Intel is a semiconductor market leader

Intel Corporation is a multinational company whose main business is in the manufacturing of semiconductor chips. Headquartered in Santa Clara, California, the company was founded in 1968 by the scientists Robert Noyce and Gordon Moore. It is one of the world’s largest and most valuable semiconductor chip makers. Samsung, Nvidia, and AMD are among Intel’s competitors in the semiconductor industry. 

Intel’s foundry business

Intel has also announced an IDM 2.0 strategy, a plan that includes significant manufacturing expansions. Specifically, Intel is to become a major provider of foundry capacity in the U.S. and Europe to serve customers globally. At the same time, Intel’s expansion plans also involve the use of external foundries for some of its products. To support this, the company established a new standalone business unit, Intel Foundry.