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Intel shares jump despite smartphone fears

20 April 2011 Last updated at 07:33 BST

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.