Intel's fourth quarter and full year 2021 financial results background information

According to the U.S. Stock Research Agency, Intel released the fourth quarter and full year of 2021 financial report:

Performance

Intel's full-year revenue was $74.7 billion, up 2% year-over-year, and set a record revenue for the sixth consecutive year.

In 2021, the Client Computing Division (CCG), the Internet of Things Division (IOTG), and MOBILEYE set record revenues.

· Q4 total revenue was $19.5 billion, up 4% year-over-year. Q4 Non-GAAP earnings per share were $1.09, up 26% year-over-year.

· Q4 The Internet of Things Division (IOTG), the Data Center Division (DCG), and the Programmable Solutions Division (PSG) grew by 36%, 20%, and 15%, respectively.

Business highlights

The initial investment of more than $20 billion will be made to build two new cutting-edge chip factories in Ohio, which will be Intel's first new production base in 40 years.

Plans to push Mobileye to market in the U.S. in mid-2022

Completed the first closing of the NAND flash memory business to SK Hynix

Released the 12th generation Intel Core processor family, which will cover 60 processors and more than 500 designs.

Started delivering Intel Arc discrete graphics products (codenamed "Alchemist") to OEM/ODM customers.

Ranked second on JUST Capital's 2022 "Just 100" list, which reflects the significant performance of the largest U.S. public company in defining fair business practices.

Intel's revenue exceeded expectations for the quarter, exceeding $1 billion, completing Intel's best quarterly and best full-year revenue ever.

Data Center Division (DCG): With a record 20% year-over-year increase in the quarter, Intel continues to be the partner of choice for cloud and data center customers.

Client Business (CCG): Set a record in 2021, with fourth-quarter revenue beating expectations and again reaching $10 billion, proving that personal computers are more important than ever.

· Mobileye: Intel has maintained its momentum as a market leader in ADAS and autonomous driving solutions, achieving 14 consecutive years of revenue growth in 2021 with a year-over-year increase of more than 40%.

Internet of Things Division (IOTG): As demand for edge computing continues to grow, IoT Division's fourth-quarter revenue reached $1 billion again, bringing a record year to an end.

The fourth quarter also celebrated the 50th anniversary of the world-changing chip, the Intel 4004 processor, which is a sacred moment for the entire technology industry.

As we predict, the constraints on the semiconductor supply chain are expected to continue into 2022 and 2023, during which there will be incremental improvements. The industry will continue to face challenges from a variety of fields, but Intel's IDM 2.0 strategy can put it in a strong position in this environment.

With unprecedented transparency, Intel has set an ambitious technology path – delivering five process nodes in four years, catching up with the process by 2024, and returning to leadership by 2025. Intel is already shipping the Intel 7 in bulk. According to the schedule set in July 2021, Intel is completing research and development of Intel 4, 3, 20A, and 18A on schedule or ahead of schedule.

Intel's server shipments hit a new high in the fourth quarter, with 10nm wafer costs down more than 30% year-over-year.

· Alchemist, the first product in Intel Arc's discrete graphics family, has now offered customers more than 50 new mobile and desktop designs, including Acer, Asus, Dell, HP, Lenovo, Samsung, and more. The ARC family will expand from the mainstream to the high-performance graphics space and will be available later in the quarter.

The fourth quarter was an incredibly strong end to 2021. With the growth of the market, Intel's strong product roadmap, and Intel's increasingly robust execution, 2022 will only be better.

CEO Summary

"We ended our extraordinary year with a good fourth quarter. We achieved revenue of $1 billion above our previous quarterly guidance, and single-quarter and full-year revenue is the best in Intel's history. With a high degree of discipline and execution, we focus on advancing technology development, manufacturing, and our traditional and emerging businesses, which is well reflected in our financial reports. We will continue to implement the IDM 2.0 strategy and remain committed to driving Intel's long-term sustainable growth." ”

—Pat Kissinger