No more Intel Inside! Samsung becomes king of computer chips ending US giant’s 20-year reign

SEOUL, Jul 27: Intel’s more than two decade-long reign as the king of the silicon-based semiconductor is poised to end today when South Korea’s Samsung Electronics elbows the US manufacturer aside to become the leading maker of computer chips.
Samsung reported record-high quarterly profit and sales Thursday. Analysts say it likely nudged aside Intel in the April-June quarter as the leading maker of semiconductors, the computer chips that are as much a staple of the 21st century wired world as crude oil was for the 20th century.
Samsung said its semiconductor business recorded 8 trillion ($7.2 billion) in operating income on revenue of 17.6 trillion won ($15.8 billion) during the April-June period. Intel, which reports its quarterly earnings later Thursday, is expected to report $14.4 billion in quarterly revenue.
On an annual basis, Samsung’s semiconductor division is widely expected to overtake Intel’s sales this year, analysts at brokerages and market research firms say. (Agencies)