Samsung may soon displace Intel as the world's largest chip manufacturer

While Intel recently reported brisk sales and profits for its first fiscal quarter of 2017, the company may soon be outpaced by Samsung as the #1 chipmaker.

American market research firm IC Insight is reporting that it is very likely Samsung will at least come close to its US rival by the end of this second quarter. If everything falls into place for the South Korean manufacturer, then the company may even marginally surpass Intel in chip sales and knock the company off of its crown seat for the first time in over two decades.

Analysts are expecting the second quarter April to June time frame to bring in record chip sales for Samsung at about 14.9 billion USD. Meanwhile, the same source is expecting Intel to earn 14.4 billion USD assuming that market prices remain stable in the next few months. IC Insight sees this particular milestone as an opportunity for other manufacturers to catch up to Intel as well. The American chipmaker has been focusing less on traditional PCs and more on growing fields like Artificial Intelligence and autonomous driving.

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