Intel reported net income of $2.3 billion on Thursday for the fourth quarter, a staggering 875-per cent rise over the same period a year ago.

The world's dominant maker of computer chips said it had sales of $10.6 billion, up $2.3 billion or 28 per cent from the year-ago period. Intel forecast sales of about $9.7 billion for the current quarter, compared with the $9.3-billion average estimate in a Bloomberg News survey of Wall Street analysts.