Intel designs and manufactures CPUs and semiconductors, operating as an Integrated Device Manufacturer (IDM) — meaning it both designs and fabricates its own chips, unlike most competitors who outsource manufacturing to TSMC or Samsung. Intel's two core product lines are client CPUs (Intel Core and Core Ultra processors for PCs and laptops) and server CPUs (Xeon processors for data centers, cloud infrastructure, and enterprise IT). Intel sells primarily to OEMs, cloud service providers, and distributors — it sells the chips inside devices, not the devices themselves. The company operates three main segments: CCG (client CPUs), DCAI (data center CPUs, AI accelerators, and custom ASICs), and Intel Foundry (its manufacturing arm, which currently serves mostly internal customers but aims to attract third-party fabless chip designers). The IDM model creates high fixed costs from fab ownership, making margins highly sensitive to volumes, yields, and process node maturity. Under CEO Lip-Bu Tan, Intel is focused on four priorities: revitalizing its x86 CPU portfolio, building a contract foundry business to compete with TSMC, developing AI accelerators and custom ASIC design services, and cutting costs. Intel suspended its dividend in FY25, reduced its workforce by ~15%, and slowed major fab construction projects while receiving $5.7B in CHIPS Act funding from the U.S. government.