Intel reports 18% sales increase

Intel has reported an 18% increase in sales for the third quarter to $9.96bn (£5.85bn).

Intel has reported an 18% increase in sales for the third quarter to $9.96bn (£5.85bn).

And the company’s pre-tax profits were up by a third, increasing from $2.43bn to $3.24bn.

“In the third quarter we achieved all-time records in company revenue and unit shipments across all of our major product lines,” said Intel chief executive officer Paul Otellini.

Earlier this month, Intel and MicroUnity settled a patent infringement case, which resulted in Intel agreeing to pay MicroUnity $300m. The third-quarter accounts featured an initial $160m charge arising from this.

Intel is also battling an anti-trust case brought by AMD which is not expected to reach court until 2007.

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