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Wednesday, April 14, 2004 | 9:04 a.m.
SAN JOSE, Calif. -- Semiconductor giant Intel Corp.'s first-quarter profit jumped 89 percent and revenue grew 20 percent as worldwide business spending on the silicon chips that power computers improved.
For the three months ended March 27, Intel reported a profit of $1.73 billion, or 26 cents per share, compared with a profit of $915 million, or 14 cents per share, in the same period a year ago.
Sales rose to $8.09 billion, compared with $6.75 billion in the first quarter of 2003.
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