Samsung overtakes Intel as the world’s largest chipmaker

The Korean company defeated the “king” that the US semiconductor company has held for 24 years. In Q2/2017, Samsung reported that its chipmaker revenue reached $ 15 billion and $7.1 billion profit, a significant increase over its last year reported which was $ 2.4 billion profit.

Meanwhile, Intel said that its sales reached $14.8 billion and operating profit was $3.8 billion. Thus, the Korean company has risen to become the world’s largest semiconductor chips manufacturer, the position Intel held for 24 years

The boom in the mobile industry has fueled demand for new SSD and DRAM storage, two of which Samsung has focused on over the years. The company also develops chips used on phones, tablets or Io t devices.

Intel mainly develops central processors for personal computers and servers. In November of the same year, the U.S. semiconductors announced that it was abandoning its smart wears, such as smart watches and bracelets.

Patrick Moorhead, an analyst with Moor Insights & Strategy said that Intel could catch up with Samsung as Intel’s memory chips worked as designed. “I think we will see a lot of change between the two companies.”

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