Samsung

SAMSUNG IS NOW WORLD’S LARGEST CHIP MAKER BY PROFIT.

Samsung has made remarkable achievements in the semiconductor industry. In terms of revenue in the second quarter, the company is now the world’s largest chip maker, beating industry giant Intel.

In the second quarter of 2021, the Korean technology giant successfully surpassed Intel to become the world’s highest-paid chip manufacturer. According to analysts, these positions are expected to remain unchanged in the near future. During this period, the known memory chip maker created 22.74 trillion won (approximately US$19.7 billion), which is US$18.5 billion if you subtract the contribution of a business unit it plans to sell.

Intel had occupied the top spot for most of the past 30 years, only losing out to Samsung during the memory chip sales boom in 2017 and 2018. Samsung released its financial report last week, which also reported that overall operating profit in the second quarter increased by 54% year-on-year.

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It is worth noting that the company attributes its outstanding performance to higher-than-expected prices for DRAM and NAND chips whose demand has been suppressed during the pandemic.

Although the company is currently ahead of Intel, experts believe that this may not last long, because the US-based company is actively advancing its ambitious project to become a leader in the foundry business for fabless Chip manufacturers and chip designers.

Ezegbunam Chinonso Benjamin is a tech enthusiasts with Love for Smartphones, Laptops, Computers, Cars etc. He is currently an under graduate of University Of Jos.