January 26, 2022 09:24 pm
Original Link: https://www.theverge.com/2022/1/26/22903138/intel-q4-2021-january-2022-earnings-best-year
The chip shortage didnt stop Intel from having its best year ever
Intel is still feeling the burn from the chip shortage. It’s struggling to fully capitalize on tremendous pandemic-fueled demand for new PCs, because you can’t make a laptop with Intel chips alone. And yet that didn’t stop Intel from having its best financial year ever — in today’s Q4 2021 earnings, it’s reporting its highest quarterly and highest yearly revenue ever, at $19.5 billion and $74.7 billion, respectively — and four other revenue records as well. Profits weren’t nearly as rosy: net income went down 21 percent in the quarter and 5 percent year over year to $4.6 billion and $19.9 billion, respectively.
CEO Pat Gelsinger warned about other suppliers’ chips constraining the company’s growth during Intel’s Q3 2021 earnings in...
Original Link: https://www.theverge.com/2022/1/26/22903138/intel-q4-2021-january-2022-earnings-best-year
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