Samsung Electronic's chip revenue is expected to beat Intel Corp's revenue for the first time

Tomson14488 2017-07-05

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Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp as the biggest semiconductor maker by revenue for the first time. The worlds largest memory chip maker is among the biggest beneficiaries of soaring demand for processing firepower on smartphones and servers, which has fuelled an industry super-cycle amid limited supply growth.

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