Samsung overtakes Intel as world?s biggest chip maker
 

PARIS: South Korea´s Samsung has overtaken US rival Intel as the world´s biggest maker of semi-conductors as sales in the sector boom, a study published by consultancy Gartner showed on Thursday. Samsung Electronics ?gained the most market share and took the number one position from Intel ? the first time Intel has been toppled since 1992,? said Gartner analyst, Andrew Norwood.
The total global market for semi-conductors grew by 22 percent to $419.7 billion (348 billion euros) in 2017, fuelled by growth in smartphones and other connected devices, Gartner calculated.
Samsung´s sales jumped by 52.6 percent to $61.2 billion, giving it a market share of 14.6 percent, the study showed.Intel´s sales, on the other hand, grew by just 6.7 percent to $57.7 billion, or a market share of 13.8 percent. Booming demand for memory chips was the main factor driving growth in the semi-conductors market, Gartner said.?Memory accounted for more than two-thirds of all semiconductor revenue growth in 2017, and became the largest semiconductor category,? said analyst Norwood.The key driver behind the booming memory revenue were higher prices due to a supply shortage, the study said.

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