Intel profits rise 6% in Q4

PROFITS at Intel rose 6% in the latest quarter even as hard-drive shortages held back computer sales.

The world’s largest chipmaker, which employs more than 4,000 people in Ireland, also provided a forecast for the new quarter that matched analyst expectations.

Fourth-quarter net income was $3.36 billion (€2.6bn), up from $3.18bn a year earlier.