Intel Corporation, an American multinational corporation and technology company headquartered in Santa Clara, California, is the world's largest semiconductor chip manufacturer by revenue.
[1][2] Since its inception, the company has acquired dozens of companies across the global technology industry, with seven multi-billion-dollar acquisitions as of January 2023[update].
[3][4][5] Between 1999 and 2003, the company went on an acquisition spree of mostly telecommunications- and networking-related companies, spending $11 billion in the process.
Many subsidiaries created in the process—by some estimations, nearly 40[6]—folded or were spun-off at a loss before Intel consolidated the majority of them into the Intel Communication Group and Intel Wireless Communications and Computing Group in 2003.
[7] In the turn of the 2010s, Intel went on another acquisition binge, spending $10 billion acquiring Infineon's Wireless Solutions business, security software developer McAfee, among others.