Intel Scores Big On Its 2Q Earnings
Intel reported $8 billion in 2Q revenue. The figure is up 12% from last quarter. Its earnings beat most forecasts. Intel’s CEO described the quarter to quarter earnings growth as the best since 1988. The earnings reflect an improvement in the tech sector.
Intel’s earnings were helped by strong sales of its ATOM netbook processor and its mobile notebook processor line. Intel sees chip demand strengthening in the second half of the year.
The company has $11.3 billion in cash.