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January 31, 2018 04:00 pm

Samsung Surpasses Intel To Become the World's Largest Chipmaker

Samsung Electronics just knocked Intel off its perch as the world's biggest chipmaker by revenue, a spot the U.S. company has held since 1992. From a report: On Tuesday, Samsung reported 2017 chip sales of $69 billion, blowing past Intel's $63 billion from last year. The switch underlines how Samsung has transformed itself from a maker of cheap televisions into a pervasive supplier of key components in smartphones and other modern computing devices. It's also a testament to the growth of memory chips, Samsung's main market. Intel, whose processors are the heart of about 90 percent of the world's computers, didn't have a bad year. Sales grew 6 percent. Success in computers is no longer enough, though. Memory chips, a market Intel only recently got back into, are now crucial parts of smartphones, which easily outsell PCs these days. Memory chips are also finding their way into a range of new devices such as cars. One of the ironies of Samsungâ(TM)s success in memory is that itâ(TM)s a business Intel created in the 1960s.

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