The pioneering chip manufacturer earned the No. 4 spot because of its strengths in board independence and age dispersion.
Despite up-and-down stock performance of late, Intel received a recent upgrade from analysts due to improved cash flow and long-term projects put in place by CEO Pat Gelsinger, who took on the role in February 2021. Gelsinger has pledged $250 billion over the next decade for capital expenditures, and Intel is opening two $10 billion fabrication plants in Arizona and another two $10 billion plants in Ohio. The CEO was acknowledged by President Biden at the State of the Union address in 2022 for his plans to open a semiconductor hub near Columbus.
Intel’s board has been chaired since January of 2020 by Omar Ishrak, a former chairman and CEO of Medtronic.
The rest of the company’s slate of directors has a distinct academic flavor that is relatively rare for a corporate board. Andrea Goldsmith and Tsu-Jae King Liu are the deans of the engineering schools at Princeton University and UC Berkeley, respectively. Risa Lavizzo-Mourey is a former professor of public health at the University of Pennsylvania; she was previously CEO of the Robert Johnson foundation. Frank Yeary is the former vice chancellor at UC Berkeley, though he previously spent 25 years in finance, including an executive role at Citigroup; he is currently a managing member at Darwin Capital Advisors.
CORRECTION: An earlier version of this story incorrectly identified Jim J. Goetz as the chair of Intel’s board. Goetz is an independent director.
Santa Clara, Calif.
Patrick P. Gelsinger
|No. of employees||121,100|
Semiconductors and Semiconductor Equipment