Intel has announced its fourth-quarter earnings report for 2021, confirming that despite a chip shortage and supply constraints, Team Blue experienced its best financial year ever.
Total revenue for the full financial year of 2021 reached $74.7 billion. That marks the highest earnings amount in a full year for the chip giant. Profits, however, have decreased. For the fourth quarter, net income dropped 21% to $4.6 billion, while overall net income for 2021 was also down 5% compared to 2020 at $19.9 billion.
“Shortages in substrates, components and foundry silicon has limited our customers’ ability to ship and finish systems across the industry,” said Intel CEO Pat Gelsinger. “This was most acutely felt in the client market, particularly in notebooks, but constraints have widely impacted other markets, including automotive, the internet of things, and the data center.”
Looking ahead, 2022 will be an interesting year for Intel in terms of earnings potential. The company’s 12th-generation Alder Lake processors are off to a great start by becoming some of the best CPUs on the market, with the firm also set to launch its Arc Alchemist lineup of graphics cards for both desktops and laptops.
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