19 January 2012
Last updated at 23:39
Analysts want Intel to speed up moves into the chip market for tablets and mobiles
Intel’s profits beat Wall Street forecasts despite the chipmaker warning last month that slower global PC sales might dent its figures.
Net profits in the last three months of 2011 rose 6% to $3.4bn (£2.2bn) on revenues up 21% at $13.9bn.
Floods in Thailand have hit supplies of computer hard drives.
Analysts want Intel to move faster into the tablet and mobile market and Intel promised on Thursday to spend more developing chips for new devices.
The company also said it would boost capital expenditure in 2012 to about $12.5bn, up from $10.7bn in 2011.
“The biggest surprise is the capex for the new year,” said Evercore Partners analyst Patrick Wang.
“They’re investing to catch up and not only be at parity but exceed where the handset incumbents are.”
Article source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-16643379
