Samsung dethrones Intel as leader in global chip sales
Samsung Electronics Co. 005930, -2.56% has surpassed Intel Corp. INTC, -3.11% in terms of semiconductors sold globally, dealing a blow to the long-standing Santa Clara, Calif.-based chip leader. Shares of Intel fell 2.5% Wednesday, while Samsung shares fell 2.6%. Revenue at Samsung grew nearly 54% to $62.03 billion in 2017, compared with nearly 12% growth to $61.41 billion at Intel, according to a report from IHS Markit. Globally, the chip market grew 21.7% to $429.1 billion, with the largest year-over-year revenue gains coming from SK Hynix Inc. 000660, -1.35% at 81% and Micron Technology Inc. MU, -1.74% at 80%.
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