Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Intel's results can be affected by adverse economic, social, political, regulatory, and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including recession or slowing growth, military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns (including the COVID-19 pandemic), fluctuations in currency exchange rates, inflation, interest rate risks, sanctions and tariffs, political disputes, changes in government grants and incentives, and continuing uncertainty regarding social, political, immigration, and tax and trade policies in the U.S. and abroad. This week Mobileye went public on the Nasdaq Stock Exchange, which Intel believes will unlock value for Intel's stockholders. You can also try the quick links below to see results for most popular searches. All rights reserved. Intel's Chief Executive Officer Pat Gelsinger released a memo to company employees on Tuesday outlining plans to create an internal foundry model for external customers and the company's product lines. // Performance varies by use, configuration and other factors. Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc., our transactions with Brookfield, and the initial public offering of Mobileye. or Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable U.S. GAAP financial measure. Security vulnerabilities and any limitations of, or adverse effects resulting from, mitigation techniques can adversely affect our results of operations, financial condition, customer relationships, prospects, and reputation in a number of ways, any of which may be material, including incurring significant costs related to developing and deploying updates and mitigations, writing down inventory value, a reduction in the competitiveness of our products, defending against product claims and litigation, responding to regulatory inquiries or actions, paying damages, addressing customer satisfaction considerations, or taking other remedial steps with respect to third parties. Adverse publicity about security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our products and services. July 28, 2022. Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc., our transactions with Brookfield, and the initial public offering of Mobileye. NEX includes programmable platforms and high-performance connectivity and compute solutions designed for market segments such as cloud networking, communications networks, retail, industrial, healthcare, and vision. Intel (INTC) earnings Q3 2022 - cnbc.com CCG includes products designed for end-user form factors, focusing on higher growth segments of 2-in-1, thin-and-light, commercial and gaming, and growing other products such as connectivity and graphics. The company in July slashed its annual sales and profit forecasts after missing estimates for second-quarter results. Terms of Use. Intel continues to make progress with its goal of achieving five nodes in four years. // No product or component can be absolutely secure. We or third parties regularly identify security vulnerabilities with respect to our processors and other products as well as the operating systems and workloads running on them. Intel's results can be affected by gains or losses from equity securities and interest and other, which can vary depending on gains or losses on the change in fair value, sale, exchange, or impairments of equity and debt investments, interest rates, cash balances, and changes in fair value of derivative instruments. With both internal and external pressures cutting into sales and profit, Intel said that it would cut costs by $3 billion in fiscal 2023, and up to $10bn by 2025. Intel Corporation's second-quarter 2022 earnings news release and presentation are available on the company's Investor Relations website. Sign in here. After extensive research and analysis, Zippia's data science team found that: Intel has 121,100 employees. To drive this, Intel created the IDM 2.0 Acceleration Office (IAO) led by Stuart Pann, chief business transformation officer. These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results. Third-quarter results include GAAP restructuring charges of $664 million, reflecting initial cost reduction actions. Intel total number of employees in 2021 was 121,100, a 9.49% increase from 2020. Earnings Call Comments from CEO Pat Gelsinger and CFO Dave Zinsner. Mobileye includes the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions. We exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating performance. This non-GAAP financial measure is helpful in understanding our capital requirements and sources of liquidity by providing an additional means to evaluate the cash flow trends of our business. The number of Intel employees stands at 113.7 thousand employees as of the end of July, a number that, at least according to the report, may decrease by more than 20 thousand. This is intended to allow Intel to identify and address structural inefficiencies that exist in its current model, achieve more transparency on its financial execution, better measure itself against other foundries and drive to best-in-class foundry performance. Share-based compensation consists of charges related to our employee equity incentive plans. In addition, Google Introduced its C3 machine series powered by Intels 4th Gen Intel Xeon Scalable processor and Googles custom Intel Infrastructure Processing Unit E3200. We believe such a reconciliation would also imply a degree of precision that is inappropriate for this forward-looking measure. Intel plans to cut thousands of jobs hit by PC slowdown - Bloomberg Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. . Jun/2022 : Intel INTC:US : 121.1K 10.5K Jun/2022 : KLA-Tencor . Intel's results can be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, chemicals, antitrust, commercial, disclosure, and other issues, as well as by the impact and timing of settlements and dispute resolutions. Intel's results can vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources, including as a result of ongoing industry shortages of components and substrates; suppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries or increasing prices, or other supply chain issues; product manufacturing quality/yields; and changes in capital requirements and investment plans. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to Intel's strategy and its anticipated benefits, including our February 2022 Investor Day financial model, Smart Capital strategy, the Semiconductor Co-Investment Program, our partnership with Brookfield Asset Management (Brookfield), the transition to an internal foundry model, and updates to our reporting structure; manufacturing expansion, financing, and investment plans, including the impacts of plans such as our announced investments in the U.S. and abroad; plans, customers, and goals related to Intels foundry business; projected costs and yield trends; supply expectations, including regarding industry shortages, constraints, limitations, pricing and sufficiency of future supply; pending transactions, including the pending acquisition of Tower Semiconductor Ltd., the sale of our NAND memory business, the close of our transactions with Brookfield, and the wind-down of our Intel Optane memory business; the initial public offering of Mobileye; expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives; total addressable market (TAM) and market opportunity; business plans and financial expectations; future macroeconomic and geopolitical conditions, including regional or global downturns or recessions; future legislation, including any expectations regarding anticipated financial and other benefits or incentives thereunder; tax- and accounting-related expectations; future responses to and effects of the COVID-19 pandemic, including manufacturing, transportation, and operational restrictions or disruptions, such as port shutdowns in China; future products, technology, and services, and the expected regulation, availability, production, and benefits of such products, technology, and services, including product ramps, manufacturing goals, plans, timelines, and future progress, future process nodes and technologies including Intel 20A, RibbonFET, and PowerVia, process performance parity and leadership expectations, future product architectures, Alder Lake, Meteor Lake, Raptor Lake, Sapphire Rapids, Granite Rapids, Sierra Forest, and future GPU and IPU products; future business, social, and environmental performance, goals, measures, and strategies; expectations regarding customers, including with respect to designs, wins, orders, and partnerships; projections regarding competitors; and anticipated trends in our businesses or the markets relevant to them, including with respect to future demand and industry growth, also identify forward-looking statements. There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. subscribe to our YouTube channel. Intel total number of employees in 2020 was 110,600, a 0.18% decline from 2019. This will negatively impact revenues across the chip industry (at least in most cases), and typically, these situations call for re-evaluation of cost and margins, said Gartner analyst Gaurav Gupta in an email to The Verge. We exclude the impact of our NAND memory business in certain non-GAAP measures. Number of Employees Interactive chart of Intel (INTC) annual worldwide employee count from 2010 to 2022. Third-quarter GAAP earnings per share (EPS) was $0.25; non-GAAP EPS was $0.59. Do you work for Intel? To learn more about Intels innovations, go to newsroom.intel.com and intel.com. For example, in the first quarter of 2022, the General Court in the European Commission (EC) competition matter annulled the EC's findings against Intel regarding rebates, as well as the fine previously imposed on and paid by Intel. The IAO will be responsible for fully operationalizing Intels IDM 2.0 model and for developing and implementing the systems and processes to support the companys internal requirements and external foundry customer commitments. Product defects or errata (deviations from published specifications) can adversely impact our expenses, revenues, and reputation. Stop the boring sound and ring in the new now, Google Pixel 7 Review: Defines THE smartphone experience, Google Pixel 7 Pro Review: Stellar cameras, Splendid experience, Apple iPhone 14 Plus in for review: Big iPhone for small(er) wallets. Kodak Matrix QLED TV review: Cinematic TV experience now affordable! Intel's second-quarter 2022 earnings news release and presentation are available on the companys Investor Relations website. Intel Reports Third-Quarter 2022 Financial Results Intel's results can be affected by adverse economic, social, political, regulatory, and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including recession or slowing growth, military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns (including the COVID-19 pandemic), fluctuations in currency exchange rates, inflation, interest rate risks, sanctions and tariffs, political disputes, changes in government grants and incentives, and continuing uncertainty regarding social, political, immigration, and tax and trade policies in the U.S. and abroad. Intel Corporation Number of employees - notesmatic These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial results calculated in accordance with US GAAP and reconciliations from these results should be carefully evaluated. Weighted average shares of common stock outstanding: Earnings per share of common stock information: Weighted average shares of common stock outstandingbasic, Dilutive effect of employee equity incentive plans, Weighted average shares of common stock outstandingdiluted, Common stock and capital in excess of par value, 4,127 issued and outstanding (4,070 issued and outstanding as of December 25, 2021), Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, Consolidated Condensed Statements of Cash Flows, Cash and cash equivalents, beginning of period.
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