Samsung on track to take Intel's chip crown with record second-quarter earnings
Reuters ------- Samsung Electronics Co Ltd (005930.KS) is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp (INTC.O) as the biggest semiconductor maker by revenue for the first time. The world's largest memory chip maker is the 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. To learn more click on the picture below to read the article.