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Intel records "exceptional" full-year sales of $54bn

Chip-maker to increase spending on smartphones, tablets in 2012

Chip manufacturer Intel has recorded full-year revenues of $54 billion with net profit of $12.9 billion, and announced it is to increase spending in 2012 to $12.5 billion.

The company is boosting spending on chips for smartphones, tablets and the slim line Ultrabook in what the company described as an "investment year" in a conference call following the release of results.

"2011 was an exceptional year for Intel," offered president Paul Otellini. "With outstanding execution the company performed superbly, growing revenue by more than $10 billion and eclipsing all annual revenue and earnings records.

"With a tremendous product and technology pipeline for 2012, we're excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets."

For the fourth quarter Intel saw sales of 13.9 billion and net profit of $3.4 billion.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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