**US chipmaker Intel has reported a better-than-expected net profit of $1bn (£610m) for April to June, excluding a massive European Commission fine.**Including the fine, levied for anti-competitive practices in May, the company made a loss of $398m.
Revenue for the three months stood at $8bn, a 15% fall compared with $9.4bn for the same period last year.
Earlier on Tuesday, banking giant Goldman Sachs also reported strong second-quarter results.
“Intel’s second quarter results reflect improving conditions in the PC market segment, with our strongest first to second quarter growth since 1988 and a clear expectation for a seasonally stronger second half,” said Intel boss Paul Otellini.
Intel was fined just over 1bn euros by the European Commission for anti-competitive practices.
The Commission found that between 2002 and 2007, it had paid manufacturers and a retailer to favour its chips over those of Advanced Micro Devices (AMD).
Intel said it would appeal against the verdict.