Summary by Futu AI
Intel Corporation has filed its annual Form 11-K report with the United States Securities and Exchange Commission for the fiscal year ended December 31, 2023. The report includes audited financial statements for the Intel 401(k) Savings Plan, which show a net increase in assets available for benefits from $18.36 billion in 2022 to $22.18 billion in 2023. The independent audit, conducted by Crowe LLP, concluded that the financial statements present fairly the net assets and changes in net assets for the year in accordance with U.S. accounting principles. The Plan's investments showed significant appreciation, and the company continued to match employee contributions, although the match rate was reduced partway through the year. The Plan is a defined contribution plan for U.S. employees of...Show More