The world’s largest chip manufacturer, Intel, announced record revenue for the last quarter of 2021. The company, which provides processors for computers such as Apple, Lenovo, HP and Dell, is the world’s largest and most valuable semiconductor processor manufacturer. The brand is also the inventor of the x86 microprocessor series found in personal computers.
Pat Gelsinger, CEO of the company, which achieved record turnover, said, “The fourth quarter represented a great finish to a great year. We completed our best quarterly period this quarter. We also had the best year in the company’s history. ” said. He then stated that they continue to implement the IDM 2.0 strategy and that they are determined to maintain sustainable growth.
How many turnovers did Intel set a record in 2021?
In 2021, the company generated an all-time record $79 billion in GAAP (revenue from generally accepted accounting principles) revenue. The brand closed the fourth quarter with $20.5 billion in GAAP revenue.
Intel chip
The company announced that it will build two new chip factories in Ohio in 2021, in line with its IDM 2.0 strategy, that will bring an investment of $100 billion in ten years. It also started construction of a new chip factory in Arizona last year. The reason for the opening of this production facility is the chip shortage, which is experienced with the coronavirus and affects all sectors. With this step, Intel will accelerate the production of ARM x86 chips and increase the capacity. The company is estimated to earn $18.3 billion in the first quarter of 2022.
What do you readers think of Intel’s record earnings? How do you think he achieved this success and will he be the winner in the new year? You can share your ideas with us by commenting…
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