14 Jan 2011

Big jump in profit for Intel

12:02 pm on 14 January 2011

Intel has posted a rise of 48% in quarterly net profits, as strong sales of server microprocessors offset weak demand for chips used in personal computers.

The world's largest microchip-maker made a net profit of $US3.4 billion in the last three months of 2010, up from $US2.3 billion a year earlier. Revenues 8% to $US11.5 billion.

Intel said 2010 was the best year in its history.

The BBC reports sales of Intel's microchips for data centres were up 15% in October-December, while those for PCs were flat.

For 2010 as a whole, Intel's net profit totalled $US11.7 billion, up from $US4.4 billion in 2009.