Samsung beats Intel to become world’s largest chipmaker
Bloomberg reported that Intel had has held its winning position since 1992
Intel has reigned the chip manufacturing industry for decades but after releasing its end of year financials, Samsung knocked Intel from the top spot.
Bloomberg reported that Intel has held its winning position since 1992, but Samsung revealed 2017 chip sales of $69bn, which was marginally over took the %62.8bn Intel had disclosed.
Samsung has transformed its position in the chipmaker industry from focusing on televisions to becoming a key supplier of components in smartphones and other computing devices. Intel still reported a successful year as its sales grew 6%, and despite its chips being embedded in 90% of the world's computers, the smartphone industry is continuing to boom. An area that Intel missed the mark.
2017 was also a troubling time for Intel as the company was hit with Spectre and Meltdown vulnerabilities, which left computers open to hacking attempts. Additionally, Microsoft said that Qualcomm's Snapdragon-powered 10 PC's provided better power efficiency.
This year, Samsung will continue its focus on chipsets, cloud, AI/IoT and automotive, along with plans to release a foldable smartphone.
Samsung's report also revealed its predictions for the first quarter, citing it "expects the mobile business to improve its earnings, led by an increase in sales of flagship products with the launch of Galaxy S9."