tech2 News StaffJan 31, 2018 16:18:32 IST
Intel has been ruling the chip market since 1992, but it’s now ceded that position to Samsung.
According to Bloomberg, Intel posted record revenue growth in 2017, earning a whopping $63 bn in 2017, with sales rising 6 percent. As impressive as that number is, Samsung Electronic Co.’s $69 bn eclipses that by a fair margin.
The writing has been on the wall for a while now now and it was only a matter of time before Samsung took the lead. With the world’s computing needs shifting to the mobile space, Intel’s notable absence from that space is certainly having an impact.
While Intel’s chips may be in 90 percent of the PCs in the world, Samsung’s chips dominate the mobile market. Better yet, Samsung’s memory chips are found in PCs as well. As Bloomberg notes in its report, memory chips aren’t even limited to PCs and smartphones, and will soon make their way into literally every smart, connected device on the planet.
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