Intel Server-Chip Sales Fueled by Mobile Data, CFO Says

Intel Corp., the world’s biggest chipmaker, will continue to benefit as the spread of mobile devices fuels “explosive” growth for processors used in data centers, Chief Financial Officer Stacy Smith said.

“There’s a significant, maybe even an insatiable, demand driver for more and more performance and computing power that’s moving into the cloud,” Smith said in an interview yesterday. “What gets lost is the explosive growth of all of these devices connecting to the Internet is driving a $10 billion dollar server business.”