It is annouced by the Intel Corporation that the net profit of the chip manufacturer almost quadrupled in the first quarter the figure of last year.
Intel’s latest results were lifted by the sale of new chips for computer servers and a comprehensive dent in technology spending. And in the same period in 2009, the company took a large charge to write down the value of an investment.
Intel is the first major technology company to report profit for the first quarter.
The company raised its forecast for a key performance measurement. It is now expecting a gross profit margin of 62-66% of sales in 2010 from its previous forecast of 58% to 64% of sales.
Shares of the company rose 1.45% in after-hours trading.
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