Intel Expands Leading Edge

Stacy Smith is Intel's Chief Financial Officer.He describes himself as an enthusiastic generalist,not an engineer.Mr.Smith has seen Intel's operating profit rise more than 60%.Intel is working on efficiency and reducing costs.The weak dollar has helped its sales around the world,Mr.Smith revealed.Despite the economic uncertainty,we've seen relatively strong business,he added.Companies are investing for productivity even in economic uncertainty.The shift toward mobile pcs benefits us.We did five billion dollars U.S. of buybacks in the first half of the year.We get a lot of free cash flow in our business.We've seen a pretty normal climate across our business through the second quarter.Every year,we're putting in more capacity at that leading edge,so we can continue to innovate,the CFO noted.The company employs 81,800 people worldwide.It is the world's largest semiconductor manufacturer.Besides The Widget Channel,it has begun research on electricity generation and transmission.As well,Intel has partnered with Dreamworks on a 3D animation project.