![]() In July 2020, Intel announced that its chief executive officer, Bob Swan, would be stepping down and that he would be replaced by Pat Gelsinger, who had previously worked at Intel for over 30 years. In 2018, the company announced its intention to focus more on data-centric businesses such as cloud computing, AI, and 5G networking. In recent years, Intel has faced challenges in keeping up with the increasing demand for mobile devices, which has led to a decline in its market share. This acquisition has helped Intel expand into new markets such as data centres and the Internet of Things. In 2015, Intel acquired Altera Corporation, a manufacturer of programmable logic devices, for $16.7 billion. In 2010, the company acquired security software company McAfee, which was later renamed Intel Security and then spun off as a separate company. Intel has also made several acquisitions over the years. This marked the company's entry into the SSD market, which has since become an important part of Intel's business. In 2011, Intel introduced its first commercial solid-state drive (SSD), the Intel SSD 710 Series. This helped Intel regain its dominance in the processor market, and the company continued to release new products such as the Core 2 Duo, Core i3, i5, and i7 processors. To address this, Intel launched its "Tick-Tock" product development model in 2006, which alternated between major architectural changes and smaller process technology improvements. Today, Intel is one of the largest semiconductor companies in the world, with revenues of over $77 billion in 2021 and over 110,000 employees worldwide.In the 2000s, Intel faced increasing competition from Advanced Micro Devices (AMD), particularly in the desktop and server processor markets. In response, Intel has focused on developing new products such as its Core i7 and i9 processors, as well as investing in areas such as artificial intelligence and the Internet of Things. In recent years, Intel has faced increasing competition from other chip manufacturers, particularly in the mobile device market. In addition to microprocessors, Intel has also developed other products such as motherboard chipsets, flash memory, and network interface controllers. In the 1990s, Intel introduced the Pentium processor, which became the dominant microprocessor in the PC market. This was followed by the 8008, 8080, and the 8086, which became the foundation for the IBM PC and its clones.ĭuring the 1980s, Intel continued to innovate, releasing the 80286, 80386, and 80486 microprocessors. In 1971, Intel released the 4004, the world's first commercially available microprocessor. The name "Intel" is a portmanteau of "integrated electronics". Intel was founded on July 18, 1968, by Robert Noyce and Gordon Moore, both of whom were formerly with Fairchild Semiconductor. Intel Corporation, commonly known as Intel, is an American multinational technology company that designs and manufactures computer processors, motherboard chipsets, and other computer hardware and software products. ![]()
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