Categorized | INTERNATIONAL NEWS

Intel Dethroned by Samsung as No. 1 Chipmaker

Posted on 01 August 2017 by admin

Samsung's Strong Performance.

Samsung reported strong second-quarter financial results for its semiconductor unit, whose performance depends largely on memory chips used in mobile devices, The Journal reported. For the period, this unit produced an operating profit of $7.1 billion on $15.7 billion in sales. Intel, on the other hand, reported operating profit of $3.8 billion and revenue of $14.8 billion during the quarter. (For more, see also: Inside Intel: A Look At The Mega Chipmaker.)

Over the last year, Samsung has benefited from a sharp increase in demand for memory, a development that has caused the price of its memory chips to surge, according to The Journal. Because of these tailwinds, the price of NAND chips, used for data storage, and DRAM chips, crucial to multitasking speed, have climbed 50% and 115% in the last year, figures provided by market research firm DRAMeXchange show.

Continued Strength

While Samsung generated notable results in the second quarter, many believe this robust performance will continue, Reuters reported. "Looking ahead to the third quarter, the company expects favorable semiconductor conditions to continue," Samsung said when announcing its second-quarter results. However, the company noted that "overall earnings may slightly decline" quarter-over-quarter as the earnings generated by the company's display and mobile businesses decline.


Re-posted from INVESTOPEDIA NEWS

Comments are closed.

Advertise Here
Advertise Here

WHAT MATTERS TO YOU, MATTERS TO US

OUR SLOGAN

“What Matters To You, Matters To Us" .

REACH YOUR TARGET MARKET VIA TIMES OF SRI LANKA

In the world of online advertising, the success rate of creating brand awareness is 91%. Call 416-445-5390 or email timeslanka@rogers.com and let us offer you introductory rates and get you going! Our audience is primarily South Asians expat community and the Sri Lankan expat community globally.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 5 other subscribers

CLEARPOINT RESIDENCIES

800+ VISITORS/DAY WWW.TIMESLANKA.COM

SPECIAL OFFER - 2017

“E-Mail timeslanka@rogers.com " .


Advertise
REMITR
HOME INSPIRATIONS
CP24
MACLEANS CANADA 150
SL NEWSROOM
BBC NEWS
TOP 10 CRICKETERS
ADVERTISE HERE
LOTUS TOWER
GOLD FM
ContactUs.com