Intel sales hit record on chip demand as shortage lingers

Despite lower margins as Intel shifted to a more sophisticated line of semi-conductors, the chip-maker reported record sales numbers in 2021. — AP Photo/File

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.