Intel: 2004 revenues in step with industry

February 24, 2004 – Intel Corp., Santa Clara, CA, said its revenue growth in 2004 will be about 15%, in the middle of earlier forecasts and the same as the projected growth for the entire chip industry. The projections were made by Craig Barrett in an interview with Japan’s Nihon Keizai.

Also, exports from Intel’s Israeli subsidiary slipped 3% in 2003 to $1.362 billion, with a further decline expected in 2004 as it transitions from 180nm to 90nm flash memory chips at its Kiryat Gat facility.

Exports peaked in 2000 at $2.02 billion, and GM Alex Kornhauser said the facility will “see the fruits” of the transition to more advanced process technologies in 2005-2006.


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