Intel’s New Love

Intel is in seventh heaven, especially after its third-quarter report released last week, which showed the company’s revenues swell from $12.9 billion to $14.2 billion. The margins were fueled by a stabilising server chip business and stronger PC market conditions.

Though the numbers look good in isolation, when pitted against the Q3 revenue of the previous year, it slumped 8%. 

While the overall YoY business was down, the company’s two-year-old semiconductor fabrication plant grew by a massive 299% from the previous year, raising $311 million in revenue.