Intel, the world's biggest chipmaker, reported its strongest pick-up in business in more than 20 years on Tuesday, giving a major lift to the PC industry and technology sector.
Intel reported second-quarter revenues of $8bn, up 12 per cent on the first quarter and well ahead of analyst expectations of $7.23bn. Its profit of 18 cents a share also easily exceeded a consensus of 8 cents.
The chipmaker was the first big technology company to report earnings this season, providing a boost to the sector and the wider market.
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