samsung largest chip maker beats intel
After the Korean giant Samsung’s chipmaking division reported its 2017’s earnings, it was able to beat Intel in its own game by taking the title of the world’s largest chipmaker. Intel was holding it for 25 years since 1992.

Samsung Electronics sold silicon chips worth $69 billion, outperforming Intel’s $62.8 billion, Bloomberg reports. The company has reported full-year revenue of KRW 239.58 trillion (USD 225 billion) and operating profit of KRW 53.65 trillion (USD 50.7 billion) in the financial year 2017.

Samsung company made money selling off memory chips which find their use in a variety of consumer tech. It is a business where Intel recently re-entered after quitting the market in the early 90s.

Apart from their home-baked Exynos lineup, they already make processors for big names including Qualcomm which markets them under the Snapdragon branding for mobile devices, and recently ARM-powered always-connected PCs. On the other hand, Intel, with its chips running on almost 90% PCs, has struggled to make its presence in the smartphone market.

The US-based silicon giant had a rough last year, involving disclosure of the Management chip flaws and Spectre and Meltdown bugs. During the fourth quarter earnings call, Intel CEO Brian Krzanich said new Intel chips releasing this year would arrive with mitigations for the speculative execution bugs.

But it didn’t stop the cash inflow into Intel’s pockets. The company recorded a sales growth of 6 percent last year.

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