Pros
Good if you want to design microprocessors and graphics processing units (cpus and gpus), cmos circuits and microprocessor architecture. Design teams are big and spread all over the world. A lot of teleconference meetings and possibly some travel involved.
Kontras
Projects can be too long (3-5 years) which makes them prone to a higher level of uncertainty on their completion (market changes, technology changes, management changes, etc). You are expected to be able to log in from home or while on the road. People tend to put in long hours including and it is not uncommon to receive and send email 24/7. Design teams are all over the country and world therefore there is a need to have teleconference meetings at odd times which could be very early, very late, or during lunch time. Has very similar performance policies as Intel: top 10% employees get treated like kings, bottom 10% employees get laid off in the next cost cutting round, the other 80% get below expectation reviews during tough times and average reviews during good times.