Intel has lost its long-held title as the world’s top computer chip maker. Samsung, the South Korean company, has become the highest semiconductor manufacturer in the world after crossing intel which was dominating the market for past 24 years in the second quarter of the year.
Samsung has achieved record profit of $ 7.2 billion on revenues of $ 15.8 billion. Intel, in comparison, had a profit of $ 2.8 billion on revenues of $ 14.8 billion. What improved Samsung in becoming the king of semiconductor chips is consistent development in the segment of memories and chips for smartphones.
Some tech analysts point out that these two companies will trade the first and second place of this industry in the coming quarters, but the fact is that the expansion of the market for mobile devices benefits Samsung that has spent almost all of its activity there. In fact, Samsung and SK Hynix control more than three-quarters of global sales of DRAM modules and are preparing to increase production of these chips.
Samsung plans to invest some $18.6 billion in South Korea as it seeks to continue its lead in memory chips and next-generation displays for smartphones. While Intel stuck with developing CPUs for laptops, PCs, and servers, will see how Intel responds to this incompetent.