In the middle of our doom and gloom a bit of good news is always welcome. Intel last night reported its best ever quarter results in its 42 year history. Year-on-year revenue up 34% and a net income of €2.9bn. Why is this good news for us? Well, Paul Otellini, chief executive, said that Intel was running ahead of a global economic recovery because of a fundamental shift towards working on the internet. Sales of server chip were up 170% on a year earlier due to a move to hosting applications and services in the cloud. ”As internet traffic continues to boom, the cloud build-out is accelerating in order to keep pace,” he said.
So the move to the cloud continues unabated and confirms what many of Enterprise Ireland’s software clients believe – that SaaS and the cloud are here to stay.
We should also not forget the 4,000 people who work directly for Intel in Leixlip and the many hundreds of others whose jobs depend on Intel Ireland. This is great news for them.
For those of us of a certain generation it is hard to imagine that the Leixlip plant was originally established to produce the i486 microprocessor. A breakthrough in technology, it had a 50MHz chip set with 8k of on-chip SRAM!!!