With its growing memory chip business, Samsung is poised to overtake Intel as the biggest semiconductor maker by revenue.
The world’s largest memory chip maker is among the biggest beneficiaries of soaring demand for processing firepower on smartphones and servers, which has fueled an industry super-cycle amid limited supply growth.
Underscoring its dominant position, Samsung said on Tuesday it plans to invest some $18.6 billion in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.
Despite seeing a big setback in its consumer facing business with the Galaxy Note 7 recalls last year, Samsung’s manufacturing business has been growing progressively stronger. By outpacing Intel’s semiconductor revenue, the South Korean company is reassuring current and potential investors in its ability to maintain a thriving and competitive business.
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