Intel
32 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.
Customers
Three largest customers
concentrated in · 43% of our net revenue in 2025named as a riskCollectively, our three largest customers accounted for 43% of our net revenue in 2025, 45% of our net revenue in 2024 and 40% of our net revenue in 2023.Risk factors (Item 1A)
Hyperscalers
earns fromnamed as a riskIndustry trends, such as the increase in AI workloads and shift of data center workloads to the public cloud, have increased the significance and purchasing power of certain customers, particularly hyperscalers, in some of our data center-focused businesses.Risk factors (Item 1A)
Suppliers
Taiwan Semiconductor Manufacturing Co. (TSMC)
depends onnamed as a riskSome of our most advanced current and future products are or will be either exclusively manufactured by TSMC or reliant upon critical components, including various compute die, manufactured by TSMC.Risk factors (Item 1A)
Also named by ADI, ALAB, AMD, AVGO, CRWV, ENTG, FTNT, KLAC and 6 more
ASML Holding N.V. (ASML)
depends onnamed as a riskFor example, ASML Holding N.V. (ASML) is currently the sole supplier of EUV lithography tools that we are deploying in our Intel 4, Intel 3, Intel 18A and planned future leading-edge manufacturing process nodes.Risk factors (Item 1A)
Also named by KLAC
Partners and platforms
Apollo
depends on · $755 million chargenamed as a riskFor example, in the fourth quarter of 2024, we recognized a $755 million charge related to penalties we expect to pay in connection with Ireland SCIP for construction delays we decided to make as we reduced our near-term capacity requirements.Risk factors (Item 1A)
Brookfield
depends onnamed as a riskTo support our capital investments, we have pursued alternative financing arrangements, such as our 2022 joint investment with Brookfield in the manufacturing expansion of our Arizona campus, and our 2024 joint investment with Apollo related to Fab 34 in Ireland, and may enter into similar arrangements in the future.Risk factors (Item 1A)
Other companies
Mobileye
$8.2 billion in recorded goodwillnamed as a riskAs of December 27, 2025, our Mobileye reporting unit had $8.2 billion in recorded goodwill and our estimated fair value exceeded the assigned carrying value by less than 10%.Market risk (Item 7A)
R2 Semiconductor, Inc.
named as a riskFor example, in February 2024, R2 Semiconductor, Inc., a non-practicing entity, was able to obtain an injunction and recall order against us and our customers in the Dusseldorf Regional Court in Germany that, if enforced, could have caused significant potential disruption to our and our customers’ businesses in Europe.Risk factors (Item 1A)
Competitors
Apple
competes withnamed as a riskFor example, in 2020, Apple introduced PC products utilizing its own internally developed ARM-based semiconductor designs in place of our client CPUs, and we face increasing competition from Apple's products and ecosystem.Risk factors (Item 1A)
Also named by ABNB, AMKR, BBY, BKNG, CDW, GLW, META, NYT and 5 more
NVIDIA
competes withnamed as a riskOur competitors include companies offering platform products, such as AMD and Qualcomm; accelerator products such as GPUs, including those offered by NVIDIA and AMD; other accelerator products such as ASICs, application-specific standard products and FPGAs; memory and storage products; connectivity and networking products; and other semiconductor products.Risk factors (Item 1A)
Also named by AMD, ANET, BAM, CDNS, COHR, DOCN, HPE, NOW and 3 more
Samsung
competes withnamed as a riskThere are few foundries capable of producing the leading-edge and near-leading-edge nodes needed for our products – currently only TSMC and Samsung.Risk factors (Item 1A)
AMD
competes withnamed as a riskOur competitors include companies offering platform products, such as AMD and Qualcomm; accelerator products such as GPUs, including those offered by NVIDIA and AMD; other accelerator products such as ASICs, application-specific standard products and FPGAs; memory and storage products; connectivity and networking products; and other semiconductor products.Risk factors (Item 1A)
SMIC
competes withnamed as a riskIn addition, a number of semiconductor companies in China, including SMIC, are making significant investments, in many instances with the support of the Chinese government, in advanced semiconductor technologies to enable such companies to develop products and technologies that compete with ours.Risk factors (Item 1A)
Places
China
earns from · 24% of our total revenuenamed as a riskMoreover, sales outside the U.S. accounted for 70% of our revenue for the fiscal year ended December 27, 2025, with revenue from billings to China contributing 24% of our total revenue.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Taiwan
depends onnamed as a riskMany of our products depend on suppliers in Taiwan for critical components, including various compute die, that cannot be easily or quickly replaced.Risk factors (Item 1A)
Also named by AAOI, AAPL, AB, ADI, AEHR, ALAB, AMAT, AMD and 50 more
Israel
operates innamed as a riskAs a significant portion of our revenues are generated from products using our Intel 7 node that are manufactured at our fabrication facility in Israel and we are not insured for business interruptions resulting from war or political violence, a disruption of that facility could have a significant adverse impact on our business.Risk factors (Item 1A)
Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more
Hazards
Earthquakes
operates innamed as a riskOur headquarters and many of our operations and facilities are in locations that are prone to earthquakes and other natural disasters.Risk factors (Item 1A)
Also named by AAPL, AMKR, AN, ANET, APP, BRO, CDNS, CEG and 37 more
Water scarcity (Arizona and Israel)
operates innamed as a riskGlobal climate change can result in certain natural disasters occurring more frequently or with greater intensity, such as drought, wildfires, storms, sea-level rise and flooding, and could disrupt the availability of water necessary for the operation of our fabrication facilities, including our facilities located in water-sensitive regions such as Arizona and Israel.Risk factors (Item 1A)
Commodities and inputs
PFAS
subject tonamed as a riskSuch chemicals are critical to the manufacturing and functioning of many semiconductor products and there are limited technically and commercially feasible alternatives.Risk factors (Item 1A)
Also named by ACHR, APG, CAG, CAVA, CTVA, DD, ES, FDX and 12 more
Israeli shekel
exposed to its pricenamed as a riskHowever, a portion of our operating expenditures and capital purchases are incurred in other currencies, primarily the Israeli shekel, the Malaysian ringgit, the European Union euro, the Japanese yen, and the Chinese yuan.Market risk (Item 7A)
Memory chips
depends onnamed as a risksuppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries or increasing prices (for example, we are currently being impacted by industry supply constraints for memory chips, substrates and foundry capacity);Risk factors (Item 1A)
Substrates
depends onnamed as a riskTo obtain future supply of certain materials and components, particularly substrates, and third-party foundry manufacturing capacity, we have entered into arrangements with some of our suppliers that involve long-term purchase commitments and/or large prepayments.Risk factors (Item 1A)
Also named by LITE
Critical minerals
depends onnamed as a riskIt also resulted in China putting licensing requirements on critical minerals.Risk factors (Item 1A)
Regulators
U.S. Department of Commerce
named as a riskWhile the U.S. Department of Commerce, or DOC, is contractually bound under the agreement, no other agency or branch of the U.S. government has made commitments to support, refrain from challenging or otherwise impeding the transaction.Risk factors (Item 1A)
Also named by AIR, ALAB, AMKR, AXON, DELL, DLTR, ENTG, FSLR and 9 more
Laws and programs
OECD Pillar Two global minimum tax
subject tonamed as a riskchanges in U.S. federal, state or foreign tax laws or their interpretation, including the global implementation of a minimum tax under Pillar Two of the OECD BEPS initiative;Risk factors (Item 1A)
Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more
U.S. CHIPS Act
subject tonamed as a riskThe transactions eliminate our contractual rights to receive future funds under the commercial CHIPS Act agreement and Secure Enclave agreement in the form of grants and may limit our ability to secure grants from government entities in the future.Risk factors (Item 1A)
Technology
Gaudi AI accelerators
$375 million in 2025 and $922 million in 2024named as a riskOur most recent efforts to compete in the accelerator market with our Gaudi AI accelerators was unsuccessful, as a result of which we recognized Gaudi AI accelerator inventory-related charges of $375 million in 2025 and $922 million in 2024.Risk factors (Item 1A)
Intel 14A
named as a riskIf we are unable to secure a significant external customer for our Intel 14A node, we may pause or discontinue development of Intel 14A and subsequent next generation leading-edge nodes.Risk factors (Item 1A)
ARM architecture
competes withnamed as a riskARM-based products and the ARM ecosystem have seen increased development and adoption in recent years.Risk factors (Item 1A)
Intel Core 13th and 14th Gen desktop processors
named as a riskFor example, during 2024, some of our customers experienced instability issues when using Intel Core 13th and 14th Gen desktop processors, which required us to undertake an investigation and deploy corrective actions.Risk factors (Item 1A)