Intel net revenue 1999-2023

In 2023, Intel's revenue amounted to approximately 54.2 billion U.S. dollars, down from the 63.1 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 Electronics, Nvidia, and AMD are amongst Intel’s competitors in the semiconductor industry.

Intel’s foundry business

In 2021, Intel announced its 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 Services (IFS). Additionally, the company announced in 2022 a new one billion U.S. dollar fund to support early-stage startups and established companies building disruptive technologies for the foundry ecosystem.