Intel Sales Hit Record on Chip Demand as Shortage Lingers

The Silicon Valley giant currently employs 11,700 people in Israel in its Kiryat Gat plant and development centers across the country, in addition to 1,170 Mobileye staff. (File/AFP)

Intel on Wednesday said 2021 was a record year for sales at the chipmaker 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.