Intel Sees Sales Picking Up in Coming Years as It Makes Comeback
- CEO: ‘I feel confident in our plan to accelerate and deliver’
- Intel projects sales growth of about 2% to $76 billion in 2022
Pat Gelsinger
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Intel Corp. expects revenue to rise by just under 2% this year, with growth picking up in later years as Chief Executive Officer Pat Gelsinger pursues a turnaround of the once-dominant chipmaker.
Sales will amount to $76 billion in 2022, before climbing by a mid- to high-single-digit percentage by 2023 and 2024, the company said at an investor event in San Francisco. Analysts have predicted growth of 1% this year, with sales ticking up 3% in 2023 and 8% in 2024.