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Samsung Electronics Co. may emerge as the world's No. 1 player in the chip industry by beating its archrival Intel Corp. in the second quarter, industry watchers said Wednesday.
The rise of the South Korean tech giant is significant as the US firm has been the leading player in the chip industry since 1991.
According to industry tracker IC Insights, Samsung may post sales of $14.9 billion in the second quarter, up 7.5 percent on-year. The figure would hover above the estimated $14.4 billion expected for Intel.
For all of 2017, Samsung is also expected to enjoy higher performance compared to Intel.
Industry watchers said Samsung's rise comes amid solid demand for memory chips that can be used in mobile devices.
NH Investment & Securities Co. echoed the view, claiming Samsung will post sales of 16.8 trillion won ($15 billion) in the April-June period, and gradually increase its sales to post 19.8 trillion won in the fourth quarter. (Yonhap)
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