$30 Billion in chip sales for Samsung

$30 Billion in chip sales for Samsung

By SiliconIndia   |   Monday, 31 May 2010, 08:19 Hrs
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Bangalore: Samsung Electronics semiconductor chip sales rose up to 50 percent this year to U.S. $30 billion, IC Insights forecast on Sunday. The U.S. market researcher revealed that Samsung had a potential beginning towards the goal with sales of $7.14 billion in the first quarter.

Samsung Electronics' has been eying a higher spot for memory chips maker, the silicon strips that help to provide the boom in personal computers. Semiconductor chips act as the building blocks of the digital economy like electronic, from calculators to computers to smartphones to cars.

According to market researchers, "Samsung would be responsible for 22 percent of the world's total semiconductor capital expenditures and would spend about as much as Intel and TSMC combined."

The global chip memory market has been turned over by Intel with sales of $9.49 billion in the quarter, followed by Samsung and Toshiba with $3.24 billion. A rise in the memory chip market is forcing up the performance of Samsung and Hynix, IC insights reported.

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