Intel shares jump despite smartphone fears
The world's largest chipmaker, Intel, has seen shares jump after it posted a 29% jump in first quarter profit.
Analysts had been worried by the fact the firm's processors are not popular with smartphone and tablet manufacturers.
But it seems Intel is still benefiting from the devices popularity because of the demands they put on internet servers which are powered by its chips.
Caroline Hepker reports.
20 Apr 2011
- From the section Business