Intel Corporation is an American company specializing in the manufacturing of semiconductor computer circuits and chips. It was founded in 1968 by Gordon Moore and Robert Noyce with the aim of making solid-state memory more efficient and practical. For 25 years, it was the world's largest microprocessor maker until it was overtaken by Samsung in 2018. It invented the x86 series of semiconductor chips, which are found today in most PCs. It supplies these microprocessors to companies such as Apple, Dell and HP. According to Forbes, in 2018 it was ranked as the 16th largest American company and 49th largest company worldwide. Intel is listed on NASDAQ under the symbol INTC (Forbes). Say no to plagiarism. Get a custom essay on “Why Violent Video Games Should Not Be Banned”?Get the Original EssayOn October 13, 1971, Intel became a public company. It issued 350,000 shares at a price of $23.50 per share, for a total of $8,225,000 (Deffree). Currently, Intel's stock price is $51.75; therefore, if investors purchased the shares at the IPO and held them until today, they would see an increase of 220.21% (51.75/23.50). Former CEO Brian Krzanich resigned in June 2018 following a violation of anti-Intel rules. -fraternization policy. Following this sudden departure, Robert H. Swan served as interim CEO until, on January 31, 2019, Intel named him the new CEO. The current Chairman of the Board is Andy D. Bryant (Intel Newsroom). Although there is much debate about whether the CEO and president should be the same person, in a large company like Intel, good governance generally requires that the roles of CEO and president be separate. The board of directors is responsible for overseeing the affairs and management of the company. It ensures that the company is managed in accordance with the company's mandate and the wishes of the shareholders. If the CEO, who is responsible for running these operations, was also the president, then he can abuse his position for his own benefit. A conflict of interest may arise if the roles are combined since the CEO would vote on his or her own compensation. If the roles are separated, then the CEO can focus on running the business and providing information to the board, while the chairman, in his role as mentor and supervisor, can advise the CEO on other courses of action, question faulty reasoning, and examine one's analysis and decisions. Since Intel has an independent CEO and chairman, the board is more likely to get the company back on track and implement corrective measures should the CEO stray from the company's mandate ( Mohr). This ensures that the wishes of shareholders will be respected, making Intel a more trustworthy company than if the roles of CEO and chairman were shared. At the start of the half, on January 22, Intel's stock price was $48.27. Currently it is $51.75. Intel's stock price this half has mostly risen and appears to be doing relatively well, hitting a high of 58.82 on April 22. It increased by 12% in February. However, on April 26, Intel shares suffered their biggest decline in over three years, falling 9%; the stock price fell from 57.61 the day before to 52.43. This drastic drop in prices came after the publication of weak revenue forecasts for the whole of 2019, disappointing for investors. Although the first quarter reported better-than-expected profits, beating estimatesanalysts, forecasts for the rest of the year are lower than initial expectations. Intel expects total revenue of $69 billion for 2019, $2.05 billion less than the estimate of $71.05 billion. This caused some investors in the company to lose out, causing Intel's market capitalization to decline to around $235.8 billion, a loss of value of $24 billion. This earnings report was released a week after Intel confirmed it would not participate in the 5G smartphone market. After settling a legal dispute, Apple and Qualcomm reached an agreement, allowing Apple to use Qualcomm's 5G semiconductor chips when it eventually begins manufacturing iPhones with 5G capabilities. The loss of Apple's business to Qualcomm discouraged Intel from continuing to compete in this market. Intel is the king of microprocessors, with almost all computers containing its chips. One of the main reasons for this dominance was that their processors were a generation ahead of their competitors. For many years they had no significant competition. However, as Intel began to experience problems with some of its processors, several semiconductor manufacturers caught up and began to pose a significant threat. Today, Intel operates in an industry characterized by strong competition. Intel has six distinct operating segments, each with its own competitors (Investopedia). It competes with many other semiconductor manufacturers, including Samsung, AMD, Nvidia, Qualcomm and IBM. Recently, fewer and fewer people are buying PCs and laptops and opting for smartphones instead. When it comes to smartphone chip manufacturing, Samsung is clearly in the lead. Alongside its own brand, Samsung also produces chips for Apple, MacBook and other gadgets, making it a top competitor that Intel needs to be aware of. In fact, Samsung overtook Intel as the largest electronic chip maker in 2018. In the high-performance computing, CPU, and processor markets, Intel competes with AMD and Nvidia. America. AMD is Intel's main competitor in the production of x86 microprocessors. As mentioned earlier, Intel has attempted to compete with Qualcomm in the 5G wireless market. However, after Qualcomm reached a deal with Apple in April 2019, Intel decided to pull out of that market, disappointing investors. Currently, the semiconductor market is suffering from a slowdown. The trade war between the United States and China has weakened many companies, with China being a major supplier of electronic chip manufacturing products. Weak final demand and increasing supply play a key role in this decline. The semiconductor market fell by 8.2% in the last quarter of 2018. As a result, companies like Intel suffered after releasing their first quarter report. However, according to experts, the market is expected to improve throughout 2019 as new products are launched and demand increases, which will help the global semiconductor market find its footing. Intel pays a quarterly dividend, paid in cash regularly. Since 2019, Intel has paid a dividend of 0.3150 per share, or $1.26 per share per year. This is an increase of 5% from the previous year, where the dividend was 0.3000. Over the years, Intel has shown a tendency to pay more dividends; for example, in 2015, 2016 and 2017, the quarterly dividends were respectively.