Profits at Intel have fallen as the world's largest maker of computer microchips continues to suffer from weaker PC sales.
Net income for the last three months of 2012 fell 27% to $US2.47 billion. Revenue fell 3% to $US13.5 billion
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Sales of PCs, the majority of which use Intel chips, have suffered with the rise of smartphones and tablets.
Intel shares fell 3% in after-hours trading on Wall Street on Thursday.
The BBC reports the fourth-quarter figures took Intel's profits for the year to $US11 billion, on revenues of $US53.3 billion. This was a fall of 15% and 1.2% respectively on the previous year.
Intel earlier warned that earnings in the three months to the end of December would be sluggish and that the usual boost to business from the holiday buying season would be small.
In a statement Intel said that it expects revenues in the first three months of this year to be about $US12.7 billion.
