Intel Corp, the world's largest microchip maker, expects second quarter performance to rival record levels reached in the first quarter, CEO Craig Barrett said in an interview published on Sunday.
The company posted an 89 percent rise in quarterly profits in April, earning $1.7 billion on revenue of $8.1 billion.
"The fourth quarter of the last year was record and the first quarter of this year has been too, and our prediction for the present one is also moving at these levels," Craig Barrett told Spain's El Pais daily.
"It seems that the recession in the semiconductor field has ended," he added. The company in early June narrowed the range of its quarterly revenue forecast to the upper end of its outlook, between $8.0 billion and $8.2 billion, citing better than expected demand for flash memory chips used in cellular phones.