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News Headline : > `Tomorrow will be better`: Shanghai inches towards COVID re-opening   > Gaffar Chowdhury`s body in Dhaka, to be buried in Mirpur afternoon   > Food crisis worsened due to Western sanctions on Russia: Envoy   > COVID: India records 2,685 new cases, 33 deaths in 24 hours   > Iran seizes 2 Greek tankers amid row over US oil grab   > Texas shooting response was `wrong`, says official   > Japan opens up to foreign tourists after 2 years   > Ukraine fears repeat of Mariupol horrors elsewhere in Donbas   > Putin says he is ready to deliver gas, discuss prisoner swap: Austria   > Liverpool under pressure to beat Real in Champions League final  

   Business
Intel sales hit record on chip demand as shortage lingers
  28, January, 2022, 6:27:19:PM

Online Desk : 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 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.

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.

AFP



  
  সর্বশেষ
Texas school shooting: Police `wrong` for waiting to storm gunman as students pleaded for help
`Tomorrow will be better`: Shanghai inches towards COVID re-opening
Gaffar Chowdhury`s body in Dhaka, to be buried in Mirpur afternoon
Food crisis worsened due to Western sanctions on Russia: Envoy
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