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Intel reports jump in profit, revenue for Q4

Agam Shah | Jan. 15, 2010
Intel's net income hits US$2.3 billion, which is up 875 percent

Revenue from Atom microprocessors and associated chipsets grew 6 percent sequentially to $438 million during the fourth quarter. Unit shipments were seasonally high, and revenue from the chips increased on higher average selling prices, Otellini said.

Carriers who subsidize netbooks for sale with mobile broadband contracts are responsible for close to 25 percent of Atom chip sales. They will continue to be a growing part of the netbook business in 2010, Otellini said.

Intel launched new Atom processors as part of the Pine-Trail platform in December. The platform is in more than 80 designs and is still attracting new ones, Otellini said.

Atom is also making progress on handheld devices, according to Otellini. Intel showed its first smartphone win at CES, the GW990 from LG Electronics, which is based on Moorestown, an upcoming chip platform with an Atom-based processor.

Intel has been cutting staff over the past five years but is looking to add employees this year, Smith, the CFO, said. The company will continue to cut costs by streamlining operations and making areas like manufacturing more efficient.

 

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