Mobile craze boosts Wolfson

EDINBURGH microchip maker Wolfson Microelectronics reported a 52 per cent jump in revenues yesterday following rising sales of smartphones such as Samsung’s Galaxy SIII.

The company, which makes audio chips for processing voice input and audio output on phones and other electronic devices, said revenues rose to $56.1m (£35.8m) in the final quarter of last year. Over 2012 as a whole, it saw 15 per cent revenue growth but a 60 per cent rise in sales related to smartphones and tablets.