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Intel shares up despite phone fears

Analysts had been worried by the fact the firm's processors are not popular with smartphone and tablet manufacturers.

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.