Intel beat by Samsung as top chip maker after a quarter century of world dominance: report

Since 1992, Intel had worn the mantle of the biggest chip maker — by revenue — on Earth.

That changed Jan. 30, when Samsung Electronics reported 2017 chip sales of $69 billion, according to a new report.

It’s not as if Intel’s chip sales fell — they grew 6 percent in 2017, but the $63 billion they generated lagged far behind Samsung’s chip earnings.

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“Success in computers is no longer enough,” Bloomberg reported Jan. 31.

“Memory chips, a market Intel only recently got back into, are now crucial parts of smartphones, which easily outsell PCs these days,” according to Bloomberg.

“Memory chips are also finding their way into a range of new devices such as cars.”

Intel actually created the memory chip business in the 1960s, but left the market in the 1990s in the face of heavy competition from Japanese firms, Bloomberg reported.

“One of Intel’s biggest growth areas last year was memory chips, but it has a long way to go to catch up with Samsung,” according to Bloomberg.

“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.”

This year started off with bad news for Intel, as the Santa Clara firm took a major hit after news broke in early January of the Spectre and Meltdown flaws in its semiconductor chips that are believed to create security vulnerabilities in every computer, laptop or mobile device running Intel chips — affecting billions of devices.

Photo: The Intel logo in 2011 (AP Photo/Paul Sakuma, File)

 

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