South Korean technology giant Samsung Electronics Co. has overtaken Santa Clara, Calif. based Intel Corp.’s (INTC) as the world’s No. 1 chipmaker in terms of revenue. Samsung, most well-known for its smartphones and televisions, reported second-quarter sales of $15.7 billion for its semiconductor unit and operating profit of $7.1 billion. For the first time, Intel fell behind its Asian rival with Q2 chip revenue of $14.8 billion and operating profit of $3.8 billion. Samsung mainly generates its chip segment revenue through selling memory chips used in mobile devices, as opposed…
Read MoreSamsung to dethrone Intel as world’s largest chipmaker
