Intel sales hit record on chip
28 January 2022, 06:11 pm | Updated: 21 November 2024, 10:08 pm
Intel on January 26, said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand and supply chain constraints.BSS/AFP.
The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted.
"The fourth quarter represented a great finish to a great year," said Intel chief executive Pat Gelsinger.
Intel revenue for last year tallied $79 billion, some $20.5 billion of which it took in during the final three months, according to its earnings report.
Profit in the quarter was $4.6 billion, however, in a 21 percent decrease from the same period a year earlier.
Profit for 2021 totaled $19.9 billion, about five percent less than the net income in the prior year.
