It was reported earlier in the year that Samsung might overtake Intel to become the world’s largest chipmaker, as far as revenue is concerned. Well, the company has ended up doing just that.
It has beat Intel as the world’s largest chipmaker, a position that Intel has enjoyed for almost two-and-a-half decades. But no longer.
Samsung reported its earnings results for the second quarter of this year a few days ago. The company earned a record operating profit of $12.6 billion which made it the most profitable tech company in the world, but it also overtook Intel in the process. Samsung earned $15 billion in revenue from its semiconductor business alone which is slightly above Intel’s $14.8 billion revenue from semiconductors in the second quarter of this year. So it is Samsung who ended Intel’s 24-year reign and become the largest chipmaker in the world by revenue. It looked like Intelwould be on top forever.
This does not mean that Samsung sold as many or more processors than Intel. Intel’s primary products include its processors for PCs and servers.
While, Samsung makes chips for mobile devices, IoT devices, and connected vehicles. The company’s semiconductor division also earns a lot of money due to flash memory and SSD memory products that are a cash cow for Samsung. Good job Samsung.
Source Ubergizmo
Filed Under: Technology News