Intel report a slump in profits
Intel have announced a $20m fall in profit from last year.
This is despite record-high revenues of $9.7bn in the first quarter of 2008.
The world's biggest chip maker reported net income of $1.44bn in the first quarter compared with a profit of $1.64bn the same time last year.
But the California company predicted its revenues for 2008 will be 7% higher than last year despite "a challenging flash market and a volatile macro-economic environment".
The company employs more than 5,000 people in Ireland.
