31 Oct '17, 6am

Samsung's Chip Sales Hit New High

Samsung's Chip Sales Hit New High

SAN FRANCISCO — South Korea's Samsung Electronics nearly tripled its third-quarter profit, largely on the strength of $17.8 billion in chip sales, a company record for any quarter. Growth in semiconductor profit offset profit sequential declines in Samsung's mobile handset and display businesses. The semiconductor business accounted for $8.9 billion of Samsung's $12.9 billion in profit, as sales of memory chips enjoyed widespread strength across all applications, especially high-performance memory chipsets for servers. Samsung, the largest seller of memory chips worldwide, is all but certain to pass Intel to become the No. 1 chip vendor globally in 2017. Samsung's $17.8 billion in third quarter chip sales compares to about $16.1 billion for Intel. Samsung's record-setting 2017 is being largely driven by a red hot memory chip market on pace to enjoy its largest annual growt...

Full article: https://www.eetimes.com/document.asp?doc_id=1332536

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