Samsung closing in to Intel in the chip business

Samsung is focussing heavily on its semiconductor business as profits from the company’s mobile device business are declining. The South Korean semiconductor giant even narrowed the gap with Intel, the world’s largest semiconductor chip maker, in terms of sales.
According to a market research firm IHS iSuppli, Samsung turned over $10.366 billion in the second quarter of 2015, representing 12 percent of the global semiconductor market.

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