1993 – Annual Report
Intel’s silver anniversary year was a record-breaker. Thanks to strong demand for our IntelDX2™ microprocessor and rapid acceptance of our new Pentium® processor, sales skyrocketed. We put those revenues to work with continued heavy investment in strategic capital R&D projects, and began work on our first ever $1 billion wafer fabrication facility. In an industry where the cost of doing business is rising significantly, we are committed to making the moves necessary to maintain the momentum of this very successful year.
Revenues of $8.78 billion were up 50 percent over 1992; net income rose 115 percent. The geographic mix shifted slightly in 1993, driven by stronger European revenue growth. Growth in the U.S. and Japan roughly matched the corporate growth rate, while growth in the Asia-Pacific region was slower. Earnings per share, after taking into account a two-for-one stock split in May 1993, ended the year at $5.20, up 109 percent from 1992 levels.
This year’s results reinforced our position as the largest semiconductor manufacturer in the world. According to market research firm Dataquest, Intel’s estimated chip sales were more than 28 percent higher than those of our closest competitor.
Pentium Processor Takes Off
Our microprocessor business boomed this year, with the introduction of powerful new products and increased demand for our mainstream processors. Introduced in May, the Pentium processor is the newest generation in Intel’s compatible family of microprocessors. Since its introduction, the Pentium processor has enjoyed the fastest production ramp of any processor generation in our history. By the fourth quarter of 1994, we anticipate that about one-quarter of Intel’s microprocessor shipments to the PC market segment will be Intel® Pentium® processors.
Read the full 1993 Intel Annual Report.