Santa Clara The data center business has fueled growth for chip giant Intel over the past quarter. Despite delivery problems around the globe, Intel achieved record sales in the final quarter. Sales rose from October to December compared to the previous year by four percent percent to 19.5 billion dollars, as the largest chip company in the USA announced on Wednesday after the market closed.
Analysts had expected an average of only $ 18.3 billion. Intel justified the increase in revenue with robust demand in all business areas. Earnings per share, on the other hand, fell to $1.09 from $1.48. Experts had only calculated 91 cents here.
For the first quarter, the US company expects sales of $18.3 billion and earnings per share of 80 cents. Analysts are expecting revenues of $17.62 billion and earnings per share of 86 cents.
Intel announced just last week that it would invest up to 100 billion dollars in the construction of a huge new chip plant in the US state of Ohio. A decision on European investments is still pending. Germany has high hopes for an award. The group wants to make a decision in the next few months – also depending on the chip support program European Chips Act.
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The need for capacities in data centers has been increasing for years – the growth has accelerated even further during the corona pandemic. Intel is one of the vendors benefiting from this.
In the business with PC processors, revenues fell by seven percent to $ 10.1 billion. The division’s operating profit fell 23 percent to just under $3.5 billion. The PC market experienced a strong upswing during the corona pandemic – but there was a setback at the end of last year, partly due to global component bottlenecks.
Intel shares fell 2.30 percent in after-hours trading.
More: 20 billion dollars for two new chip factories: Intel wants to move up to the top of the world