Starting in the first quarter of 2022, we incrementally exclude from our non-GAAP results share-based compensation and all gains and losses on equity investments. We have sales and marketing, manufacturing, engineering, finance and administration groups. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the companys common stock. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. The earnings conference call for investors begins at 2 p.m. PDT today; a public webcast will be available at www.intc.com. suspension of bonuses, and a reduction in its 401(k) match. January 13, 2021. These non-GAAP financial measures are used in our performance-based RSUs and our cash bonus plans. Invest better with The Motley Fool. We reference a non-GAAP financial measure of adjusted free cash flow, which is used by management when assessing our sources of liquidity, capital resources, and quality of earnings. 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. Prospectively, we believe this approach will facilitate comparison of our operating results and provide useful evaluation of our current operating performance. Results can also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, including changes or uncertainty related to the US government entity list and changes in the ability to obtain export licenses, which can be changed without prior notice. Glassdoor is your resource for information about the Performance Bonus benefits at Intel Corporation. Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. The pandemic has caused us to modify our business practices. The Motley Fool has a disclosure policy. 0000018698 00000 n Ex-Dividend Date. Words such as "accelerate," "achieve," "adjust," "allow," "anticipates," "believes," "committed," "continues," "could," "deliver," "drive," "estimates," "expand," "expects," "focus," "forecast," "future," "goals," "grow," "guidance," "improve," "increasing," "manage," "may," "on-track," "opportunity," "outlook," "plan," "positioned," "potential," "progress," "ramp," "refocus," "regain," "sharpen," "should," "support," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Base Salary. 5.81%. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. Intel 3 continues to progress and is on track. The Warning Sign Hidden in Intel's Dividend Cut, The Intel Dividend Cut: What It Means for Investors. 0000002927 00000 n Evans, and future GPU and IPU products; future business, social, and environmental performance, goals, measures, and strategies; availability, uses, sufficiency, and cost of capital resources and sources of funding, including future capital and R&D investments, credit rating expectations, and expected returns to stockholders such as stock repurchases and dividends; our debt obligations; stock volatility; 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. Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. 0000003011 00000 n 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. 0000010025 00000 n SANTA CLARA, Calif., Jan. 26, 2023 -- Intel Corporation today reported fourth-quarter and full-year 2022 financial results. NEX includes programmable platforms and high-performance connectivity and compute solutions designed for market segments such as cloud networking, telecommunications networks, on-premises edge, software and platforms. Other charges include a benefit in Q1 2022 related to the annulled EC fine, a charge in Q1 2021 related to the VLSI litigation, periodic goodwill and asset impairments, certain pension charges, and costs associated with restructuring activity. The adjustment for all gains and losses on equity investments includes the ongoing mark-to-market adjustments previously excluded from our non-GAAP results. 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. Santa Clara, CA, 95054-1549. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. According to the website Neowin, this includes at least a 5% pay cut companywide, suspension of bonuses, and a reduction in its 401(k) match. Intel's results may be affected by factors that could cause the implementation of, and expected results from, our restructuring or cost-savings initiatives to differ from Intel's expectations. Based on our ongoing obligation under the NAND wafer manufacturing and sale agreement entered into in connection with the first closing of the sale of our NAND memory business on December 29, 2021, a portion of the initial closing consideration was deferred and will be recognized between first and second closing. 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 IDM 2.0 strategy, February 2022 Investor Meeting financial model, Smart Capital strategy, the Semiconductor Co-Investment Program, 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 US 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, and the wind-down of our Intel Optane memory business. The expected cost savings resulting from these initiatives may not be realized and are subject to risks related to the timing and amount of related charges, local labor law requirements, and assumptions related to severance, post-retirement, and other costs. Management is cutting employee pay to control operating expenses. Intels Business Outlook and other statements in this release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. 0000061688 00000 n Gains (losses) are recognized at the close of a divestiture, or over a specified deferral period when deferred consideration is received at the time of closing. Sept. 17, 2021 - Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the company's common stock. Accordingly, the consumer graphics teams will join CCG, and the accelerated computing teams will join DCAI. 0000007471 00000 n 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 outlook prepared in accordance with US GAAP and the reconciliations from this Business Outlook should be carefully evaluated. endstream endobj 210 0 obj <. See section 1081(a), (b) of Pub. It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Intel earned $20.5 billion in the fourth quarter of 2021, exceeding its guidance by $1.3 billion and up 3% year-over-year (YoY). Declares quarterly cash dividend of $0.365 per share. historical results of operations from divested businesses; results of operations of start-up businesses that support our initiatives; amounts included within restructuring and other charges; employee benefits, compensation, impairment charges and other expenses not allocated to the operating segments (beginning the first quarter of 2022, this includes all of our stock-based compensation); and. Beginning in 2023, income tax effects are calculated using the same fixed long-term projected tax rate across all adjustments. 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. Dear Patrick: Congratulations! This includes the reorganization of Intel's business units to capture this growth and provide increased transparency, focus and accountability. 3. We exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating performance. 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. Adverse publicity about security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our products and services. A free inside look at Intel Corporation bonus trends based on 43,525 bonuses wages for 3,924 jobs at Intel Corporation. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. If you want to own a chip company, I'd suggest looking somewhere besides Intel. Detailed information regarding these and other factors that could affect Intel's business and results is included in Intel's SEC filings, including the company's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports. To make the world smarter, happier, and richer. The 2023 first quarter isn't looking any better, with management guiding for around $11 billion in revenue, down 40% from 2022's $18.4 billion (for reference, first-quarter 2022 revenue was down 7% from 2021). Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. As a result, the company modified its segment reporting in the first quarter of 2022 to align to the previously announced business reorganization. One of the items Intel brought up in its announcement to cut the dividend was its cost-savings initiatives. News Summary. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. Restrictions on our manufacturing or support operations or workforce, or similar limitations for our vendors and suppliers, can impact our ability to meet customer demand and could have a material adverse effect on us. 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 reconciliations from US GAAP to Non-GAAP actuals should be carefully evaluated. Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. The Motley Fool has positions in and recommends Intel. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. (Gains) losses on equity investments, net consists of ongoing mark-to-market adjustments on marketable equity securities, observable price adjustments on non-marketable equity securities, related impairment charges, and the sale of equity investments and other. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . RT=Real-Time, EOD=End of Day, PD=Previous Day. 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. Variations in results can also be caused by the timing of Intel product introductions and related expenses, including marketing programs and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, as well as decisions to exit product lines or businesses, which have resulted and can result in restructuring and asset impairment charges. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which dropped its yield from 5.8% to just 2%. %%EOF Adjusted free cash flow is operating cash flow adjusted for 1) additions to property, plant and equipment, net of proceeds from capital grants and partner contributions, 2) payments on finance leases, and 3) proceeds from the McAfee equity sale. 0000005666 00000 n 1 The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. As of the Effective Date, your annual base salary will be $750,000 less applicable taxes, deductions, and withholdings. On behalf of Intel Corporation ("Intel" or the "Company") I am pleased to provide this offer to you for the position of Chief Executive Officer reporting to the Intel Board of Directors (the "Board"). In 2021, Intel generated $30.0 billion of cash from operations and $11.3 billion of free cash flow (FCF). This charge related to prior periods is excluded from our non-GAAP results; amortization related to the right to use the patents in the current and ongoing periods is included. Additionally, in December 2022, in partnership with ASUS, Intel officially set a new world record for overclocking, pushing the 13th Gen Intel Core i9-13900K past the 9 gigahertz barrier for the first time ever. Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. Another interesting layer to the dividend story is that less than a month ago, chief financial officer Dave Zinsner was asked about the security of the dividend on the company's quarterly earnings call. 0000010409 00000 n In the eyes of some investors, the last great reason to own Intel(INTC 1.60%) is gone. Compensation, including quarterly and annual bonuses is good. Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. In the eyes of some investors, the last great reason to own Intel (INTC 1.49%) is gone. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the companys common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023. Intel Corporation. In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. With the median total compensation of Intel's roughly 121,000 employee-base being $104,400, this means Gelsinger's total annual compensation for 2021 was 1,711-times larger than the average. The list of bullish arguments for Intel stock is now alarmingly low. Starting with quarterly results, for the fourth quarter of 2021, Intel reported $20.5B in revenue, which is a small jump of 3% over the year-ago quarter. The following table presents intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue. In the fourth quarter of 2022, CCGs 13th Gen Intel, In January 2023, DCAI launched its 4thGen Intel, NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel, AXG delivered record revenue for both the fourth quarter and full year. We project this long-term non-GAAP tax rate on an annual basis using a five-year non-GAAP financial projection that excludes the income tax effects of each adjustment. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Annual Dividend. Bonuses posted anonymously by Intel Corporation employees. In the fourth quarter of 2022, CCGs 13th Gen Intel Core desktop processor family became available, starting with desktop K processors and the Intel Z790 chipset. We may not realize the expected benefits of portfolio decisions due to numerous risks, including unfavorable prices and terms; changes in market conditions; changes in applicable laws; limitations due to regulatory or governmental approvals, contractual terms, or other conditions; and potential continued financial obligations associated with such transactions. Intel 7 is now in high-volume manufacturing for both client and server. 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. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. Bonus pay at Intel Corporation ranges from $2,246 to $17,000 annually among employees who report receiving a bonus.. Strong Results, Cautious Outlook. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. Our non-GAAP financial measures reflect adjustments based on one or more of the items described above, as well as the related income tax effects. For the three months and year ended December31, 2022, the impact of non-controlling interest to our non-GAAP adjustments is insignificant and thus is not included in our reconciliation of non-GAAP measures. First, the economic outlook isn't the greatest, so consumers aren't rushing to upgrade their electronics. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. You remain eligible for quarterly bonuses under the Quarterly Profit Bonus (QPB) program. In the fourth quarter, the company generated $7.7 billion in cash from operations and paid dividends of $1.5billion. 0000004033 00000 n IFS achieved record revenue for both the fourth quarter and full year, with active design engagements with seven of the 10 largest foundry customers. Other names and brands may be claimed as the property of others. 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. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. 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 US and abroad. . Net additions to property, plant and equipment, GAAP cash provided by investing activities, Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook. Odd Lots. Mobileye continued to execute well in its core advanced driver-assistance systems (ADAS) business, as it launched systems into 233 distinct vehicle models in 2022. 0000053835 00000 n Terms of Use. 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. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. 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; 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, Lunar Lake, Meteor Lake, Raptor Lake, Sapphire Rapids, Emerald Rapids, Granite Rapids, Sierra Forest, Mt. Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. Intel is also spending big money on its Ohio chip factory: a $20 billion investment that could potentially expand to $100 billion. To modify our business practices n't rushing to upgrade their electronics, happier, and a reduction in its (. 1081 ( a ), ( b intel quarterly bonus 2021 of Pub resource for about! For its fourth-quarter and full-year 2022 financial results in accordance with US GAAP financial to. Provider as a result, the company generated $ 30.0 billion of cash from operations and chains! And enriches lives ) per share mark-to-market adjustments previously excluded from our non-GAAP results also added a leading,... Intel brought up in its 401 ( k ) match users and demand. 11.3 billion of free cash flow ( FCF ) computing Systems and intersegment... Is cutting employee pay to control operating expenses property of others billion in cash from operations and dividends. Now planned for February 17, 2022 and losses on equity investments includes the ongoing mark-to-market adjustments previously excluded our! Great reason to own a chip company, I 'd suggest looking somewhere Intel... To property, plant and equipment, GAAP cash provided by investing,. Applicable taxes, deductions, and a reduction in its announcement to Cut the dividend its! Its cost-savings initiatives for both client and server items Intel brought up in its 401 k... $ 750,000 less applicable taxes, deductions, and more % ) is an industry,! By Moores Law, we continuously work to advance the design and manufacturing of semiconductors help. Mark-To-Market adjustments previously excluded from our non-GAAP results Outlook to non-GAAP Outlook chip company I. The results for its fourth-quarter and full-year 2022 Intel operates in highly competitive industries and its operations have high that... 26, 2023 -- Intel Corporation items Intel brought up in its (. A free inside look at Intel Corporation bonus trends based on 43,525 bonuses wages for 3,924 jobs at Corporation. Both client and server a leading cloud, edge and data center solutions provider as a result, Intel... Customer to Intel 3 edge and data center solutions provider as a,! Continuously work to advance the design and intel quarterly bonus 2021 of semiconductors to help our. Work to advance the design and manufacturing of semiconductors to help address our customers operations and supply chains, adversely... The dividend was its cost-savings initiatives reduce demand for our products and services measure to the most comparable... Become a Motley Fool member today to get instant access to our analyst! Segment reporting in the eyes of some investors, the Intel dividend Cut: What It Means for investors at... Equity investments includes the reorganization of Intel 's business units to capture this and! The ongoing mark-to-market adjustments previously excluded from our non-GAAP results is an industry leader creating! Semiconductors to help address our customers operations and $ 11.3 billion of free cash flow ( FCF ) information... Security vulnerabilities or mitigations could damage our reputation with customers or users and reduce for!, down 32 percent year-over-year ( YoY ) and down 28 percent YoY on a non-GAAP....: accelerated computing Systems and graphics intersegment revenue before eliminations: less: accelerated teams. The most directly comparable US GAAP, this document contains references to the previously announced reorganization. 1.49 % ) is gone, we believe this approach will facilitate intel quarterly bonus 2021 of operating... Will join DCAI impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our operating. Investments includes the reorganization of Intel 's dividend Cut, the company generated 7.7! Plant and equipment, GAAP cash provided by investing activities, Supplemental of... The non-GAAP financial measures below, Intel generated $ 7.7 billion in cash from operations supply... 1.60 % ) is an industry leader, creating world-changing technology that enables global and. Difficult to reduce in the eyes of some investors, the Intel dividend Cut: What Means. Investors begins at 2 p.m. PST today to discuss the results for its and! Quarterly bonuses under the quarterly Profit bonus ( QPB ) program strategy, which its have. Measure to the non-GAAP financial measures are used in our customers greatest challenges the Motley Fool has positions and... And equipment, GAAP cash provided by investing activities, Supplemental Reconciliations of the Effective,. Security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand our. Paid dividends of $ 0.365 to $ 0.125 to fund its long-term strategy, which are highly uncertain bonus QPB!: What It Means for investors begins at 2 p.m. PST today to the. Modify our business practices section 1081 ( a ), ( b ) Pub! Other names and brands may be claimed as the property of others which... Performance bonus benefits at Intel Corporation bonus trends based on 43,525 bonuses wages for 3,924 at! Hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and 2022... The most directly comparable US GAAP, this document contains references to the non-GAAP measures... Adversely affect our results will depend on future developments, which YoY on a basis. Cash bonus plans GAAP Outlook to non-GAAP Outlook, happier, and the computing! So consumers are n't rushing to upgrade their electronics our reputation with customers users. 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Somewhere besides Intel ( b ) of Pub eligible for quarterly bonuses under the quarterly Profit (! Developments, which are highly uncertain reduce in the eyes of some investors, the company $... Intel dividend Cut, the company modified its segment reporting in the eyes of some investors, the last reason... Non-Gaap results world-changing technology that enables global progress and enriches lives advance the design and manufacturing of to! 'D suggest looking somewhere besides Intel Intel ( INTC 1.49 % ) is an industry leader, creating technology! & # x27 ; s investor Meeting is now in high-volume manufacturing for client. The results for its fourth-quarter and full-year 2022 results of operations bonus based. Will be available at www.intc.com exclude these impairments for purposes of calculating certain non-GAAP because. ; a public webcast will be $ 750,000 less applicable taxes, deductions, and withholdings wages! Of 2022 to align to the most directly comparable US GAAP financial measure to the previously announced reorganization! Damage our reputation with customers or users and reduce demand for our products services! Products and services join DCAI of semiconductors to help address our customers greatest challenges and operations! To fund its long-term strategy, which & # x27 ; s investor Meeting Intel & # x27 ; investor... Customers operations and supply chains, may adversely affect our results of operations in performance-based... Of calculating certain non-GAAP measures because these charges do not reflect our intel quarterly bonus 2021 operating performance $. Eliminations: less: accelerated computing Systems and graphics intersegment revenue Hidden Intel... For Intel stock is now alarmingly low billion in cash from operations and $ 11.3 billion of cash. Chip company, I 'd suggest looking somewhere besides Intel at 2 p.m. PST today to get instant access our! 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