Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand and supply chain constraints.
The company, based in the US, also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, noted analysts.
“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% decrease from the same period a year earlier.
Profit for 2021 was a total of $19.9 billion, about 5% less than the net income in the prior year.
Last year was marked by “unprecedented demand tempered by supply chain constraints” that are expected to continue through into next year, Gelsinger said during an earnings call.
A global computer chip shortage has afflicted a broad array of industries from smartphones and laptops to cars and home appliances.
