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

Though Intel’s PC business showed improvement, Xeon was the star of the show.

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.

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