2002 – Does Advanced Technology Really Matter?
When does technology matter? When a business traveler can connect wire lastly to her company’s network while waiting to board a plane. When a manager can electronically deliver training to employees at their desks. When a sales man can access his contact database and track sales on his cell phone.
At Intel, we provide the building blocks, including wireless networking and next-generation computing and communications architectures, for products that make people more productive virtually anytime, anywhere. Our advanced manufacturing technologies let us deliver leading-edge performance products at lower costs, and help put us one generation ahead of the competition.
In 2002, difficult business conditions for Intel and other technology companies limited our opportunities for financial growth and we ended the year with revenue of $26.8 billion, relatively flat compared to 2001. Nevertheless, we feel renewed optimism: we shipped a record number of microprocessors in the fourth quarter of 2002, we are gaining ground in key product market segments and we are investing for long-term success. In 2002, we spent $4.7 billion on new factories and other construction projects, and we invested $4.0 billion in research and development (R&D), primarily focused on silicon products and processes. We ended 2002 with considerable accomplishments in key technology arenas.
Read the full 2002 Annual Report.