The demand of Fairchild Semiconductor International Inc. received an upsurge as the first quarter profit of the power-chip maker climbed to its peak gross margin in ten years.

The second quarter net revenue was also projected to be at $395 million to $400 million. It was earlier predicted by analysts that the revenue to be $380 million on average.

Strengthened from the last year's loss of $51.1 million or 41 cents per share, the semiconductor company recovered a net profit of $22.6 million or 18 cents per share. The gains encompass $2.4 million for reorganization and $1.3 million in paced depreciation. The revenue inclined 69% to $378 million and the gross margin increased to 32.2% from 15.2%.

The stock has mounted to double over the past year; however the shares declined to 1.3% premarket to $12.25 earning, slightly missing the analysts' forecast. It has been known that the economic revival worldwide has elevated the demand in this sector.

For Fairchild, the scale of the orders for the power management chips has also gripped in towards the end of the last year. Maine-based company's shares raised 1% to $12.50 and closed at $12.41 on Wednesday on New York Stock Exchange.