Intel cashes in chips with 25% profit rise

A shining (case) light amongst the financial gloom

Intel is defying the global credit crunch, with reports of a 25 per cent jump in profits in the three months to the end of June.

The world's largest chip manufacturer is the first major tech company to report its second quarter figures and an income of $1.6 billion – around £798 million – is a major increase on last year's figure of $1.28.

"As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and parts of the globe," said Paul Otellini, Intel president.

Laptop sales up

Although high street spending is down, the growing desire for laptops has kept things buoyant for Intel.

An increase in the low-costs sub-notebook market like Asus' Eee PC has meant Intel selling increased numbers of cheaper chips like its new Atom, but this has not been especially detrimental to profits.

It's capped a fine week for Intel who released their Centrino 2 chip to much fanfare on Tuesday, and with Atom also doing well, it's a good time to be in chips.



Global Editor-in-Chief

Patrick (Twitter) is Global Editor-in-Chief for techradar, and has been with the site since its launch in 2008. He is a longstanding judge of the T3 Awards, been quoted or seen on everything from the The Sun to Sky News and is on the #CoolBrands Council. He started his career in football, making him one of approximately one journalists to have covered both a World Cup final and an iPhone launch.