Not to be outdone by its software crony Microsoft, U.S. processor giant Intel has also come up with strong second-quarter financial results with the company racking up record sales for microprocessors and flash memory.
For the second quarter of this year, Intel recorded revenue of £5.5 billion, a new company record, up 23 percent from the same quarter a year ago.
"We are very pleased with our record quarterly results in what is normally a seasonally slow quarter," Intel Chief Executive Officer and President Craig Barrett said in the company statement. "We saw strong demand in all business groups, especially for microprocessors, flash memory and networking silicon."
Intel is due to release a 1.13GHz version of its Pentium III processor 31 July, initially in limited volume. The processor maker is also due to take the wraps off its Pentium 4 family of processors formerly codenamed Willamette later this year.
The first Pentium 4 versions are expected to run at clock-speeds of around 1.4GHz.