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| Economic Performance Data |
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To download a PDF file of the data in this report,
click here (PDF 12KB). |
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2002 performance: In our factories and in our products, the technology is in place. Intel opened its first high-volume 300-millimeter factory and
announced Intel® Centrino® processor technology, which includes a microprocessor, related chipsets and 802.11 (Wi-Fi) wireless networking capability.
The company also broke the 3-GHz barrier with the latest version of the Intel® Pentium® 4 microprocessor, which operates at 3.06 GHz.
Revenue for 2002 was $26.8 billion, up 1% from $26.5 billion in 2001. Net income was $3.1 billion, up 141% from $1.3 billion in 2001. Diluted earnings
per share were $0.46, up from $0.19 in 2001. Amortization of goodwill reduced diluted earnings per share in 2001 by $0.22.
Research and development spending in 2003 will be about $4 billion, the same level as 2002. Most of this spending will go toward advanced technologies
for future fab processes, future microprocessor designs and a variety of communications initiatives.
Capital spending for 2003 is expected to be between $3.5 billion and $3.9 billion, compared to $4.7 billion in 2002. Decreases in spending on construction
and on the 200-millimeter manufacturing process are driving the reduction. In 2003, benefiting from the efficiencies of the 300-millimeter process, Intel
will spend approximately $1 billion less than if we were to build equivalent capability on the 200-millimeter process.
Intel's workforce was reduced to 78,700 employees worldwide in 2002, down 6% from the 83,400 employees the company had at the end of 2001.
