Intel Corporation (NASDAQ: INTC) is a Mountain View, Calif.-based technology company. It is the global market leader for semiconductor chips, in terms of revenue. Intel also manufactures circuits, flash memory, graphic chips and processors.
In late 2010, Intel also launched projects that aim to make cloud computing more interoperable: The Cloud 2015 vision, the Open Data Center Alliance and Intel Cloud Builders.
In the company's latest quarterly filing, Q4 2010, its revenue was $11.5 billion, up $355 million or 3 percent sequentially. Intel reported an operating income of $4.3 billion, up $211 million or 5 percent sequentially; and a net income of $3.4 billion, up $433 million or 15 percent sequentially.
"2010 was the best year in Intel's history. We believe that 2011 will be even better," said Paul Otellini, Intel president and CEO.
In August 2010, Intel announced the acquisition of security software giant McAfee for $7.68 billion in cash. At the time the companies said that by joining forces they can better combat today's cybersecurity issues, which require "a fundamentally new approach to security"--mainly by integrating security into hardware via chips. Just two months after the McAfee deal, Intel acquired Infineon Technologies' Wireless solutions business.
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