The Intel Corporation is the leading maker of semiconductor chips and is known for its quest to make computer chips ever smaller, faster and cheaper. It also makes circuit boards and other semiconductor products, which are the building blocks of computers, servers, consumer electronics and communications devices.
As Intel tries to expand beyond the personal computer chip business, its long unheralded software developers have stolen some of the spotlight from its hardware engineers. These programmers find themselves at the center of Intel's forays into areas like mobile phones and video games.
In recent years, Intel has been trying to stage a turnaround after a period in which poor execution and intense competition combined to cause it to lose market share and drive down the value of the company's shares. After losing share to its main rival, Advanced Micro Devices, in 2005 and 2006, Intel's chief executive, Paul S. Otellini, reorganized the company in 2007, laying off 10 percent of the work force and divesting itself of certain businesses. In 2009 the company was hit with an antitrust action by the European Union. Intel's first-quarter 2009 revenue fell 26 percent to $7.1 billion and profit fell 55 percent.
very good effort. Keep it up.
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