Intel reports record fourth quarter as it ramps up 10nm chips and tamps down supply issues

Intel reported unexpectedly stellar fourth-quarter results on Thursday, while it continues to chart a path toward increasing wafer supply and transitioning into the first iteration of its 10nm process technology. 

The numbers were outstanding: Intel reported a record fourth-quarter revenue of $20.2 billion, up 8 percent from a year ago. Intel also posted fourth-quarter profits of $6.9 billion, up 9 percent. Intel’s revenue outlook for the first quarter is $19 billion, slightly higher than a year ago.

Intel’s Client Computing Group reported $10 billion in revenue, up 2 percent from a year ago. Intel’s Data Center Group was the real star, however, as revenue grew 19 percent to $7.2 billion.

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