Business

Intel sees record revenues on emerging market demand

Google Android tablet
Image caption Strong demand for tablets is helping sales of Intel chips

The world's largest chipmaker Intel has posted record quarterly revenues and higher profits due in part to strong emerging market demand for computing.

Revenue for the second quarter was $13bn (£8bn), up more than 20% on a year earlier, while profits rose slightly to $3bn.

The firm said it expected sales in the second half of the year to rise at a similar rate to the first.

It said demand in emerging markets was helping to drive overall sales.

"We achieved a significant new milestone in the second quarter, surpassing $13bn for the first time," said Intel's chief executive Paul Ottelini.

"Strong corporate demand for our most advanced technology, the surge of mobile devices and internet traffic fuelling data centre growth, and the rapid rise of computing in emerging markets drove record results."

However, consumer demand in more developed economies remained weak, he added.

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