Intel, the world's biggest computer chip maker, last night said strong demand for mobile technology pushed up its third-quarter net profit by 43% from a year earlier to $1.9 billion.
The technology giant just beat Wall Street expectations with earnings per share of 31 cents. Revenues for the period climbed 15% to a record $10.1 billion.
'We are very pleased with the results and optimistic about our business,' said chief executive Paul Otellini.
A big part of Intel's growth came from the 'mobility and digital enterprise' division which makes products for lap-top computers and hand-held devices.
Even though average selling prices were flat for many products, Intel said sales of chip units set a record. Intel has been struggling to stay ahead of rival Advanced Micro Devices in the market for computer chips and has been diversifying into other types of products for mobile devices and electronics.
Intel, which employs more than 5,000 people in Ireland, said earlier this year it would make up to 200 people at its Leixlip plant redundant by the end of the year due to competitive challenges.
