Intel has posted record second-quarter sales of £4.75bn and has
posted a 67% year-on-year increase in operating profits.
The leading chip-maker saw sales rise 9% with operating profits
jumping to £1.15bn.
"Intel had another strong quarter with revenue at the high end
of expectations and earnings up substantially year-over-year," said
Paul Otellini, Intel CEO.
"As we enter the second half of the year, demand remains strong
for our microprocessor and chipset products in all segments and all
parts of the globe," he chirped.
Results for the quarter included significantly lower NOR flash
memory revenue along with restructuring and asset impairment
charges of £48m, said Intel.