"There's been really strong demand for both the consumer and enterprise for PCs which helped. They also did a great job managing through some supply disruptions," said Elazar Advisors analyst Chaim Siegel. Intel recorded a $290 million charge a result of Micron Technology Inc's decision to buy out Intel's portion of a memory fabrication plant in Utah where the two had partnered to build advanced memory chips, a move analyst Patrick Moorhead of Moor Insights & Strategy called "negotiation tactics." He expects the two to find a way to work together. Intel's Swan told Reuters that Intel has retained its rights to the technology and intends to eventually build its own factories to produce the chips. "Despite their announcement, we will still have access to supply from the fab for the next 18 to 24 months, and that will give us time to explore the alternatives we have to produce the product," Swan said.