Last week, Intel announced their second quarter results, and we’re quite sure they’re proud of themselves. Intel’s net income rose by 25% compared to Q2 2007, and 11% compared to Q1 2008. At the same time their revenue totaled at $9.5 billion, which is 9% up compared to Q1 07, but 2% less compared to Q1 2008.

Q2 is seasonaly a slower quarter, but Intel said that it was selling better than expected while Nvidia told its investors that Q2 was bad for computers. Intel also posted the net income of $1.6 billion, up an impressive 25 per cent compared to Q2 2007 and 11 percent compared to Q1 2008. This is an exceptionally good score and making more money in Q2 compared to Q1 is an impressive task. Intel said that these numbers are coming from impressive mobile CPU and chipset sale, higher than expected overall CPU sale.

Intel's result is better than analysts expected, but Intel is already setting its sights on Q3, as they expect it to also be strong. Intel expects strong sales of Centrino 2 platform and it will sell every single Atom it can produce and when it comes to CPUs, AMD is not really a big competitor these days.

The company expects sales of $10.0 – $10.6 billion, which is also more than what analysts predict. Compared to Q2 2007, Q2 2008 saw Intel 's record and healthy 17% growth in the European market, 8% growth in Asia-Pacific, 9% in Americas and 3% in Japan.

Intel attributed its growth to the current weak state of the U.S. dollar, and rising oil prices most certainly didn’t help.