Samsung takes over chip market, pushing aside the 24-year leader-Intel

With the release of the second quarterly earnings call of this year, Intel has slid to the second position after Samsung. Intel had been leading the chipsets since 1993. It entered the chip industry with Pentium CPU.

Though the revenue figures do not indicate any loss for the company, it does affect its two decades of leading position.

Intel's revenue accounted for $14.8 billion whereas Samsung revenue escalated to $16 billion.

Speculations were made since May that Samsung might take over Intel. These speculations were based on the current market consumption.

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Intel supplies chips to PCs and data centres whereas Samsung is a chip provider for the smartphone market. The Current boom in the smartphone industry has resulted in a revenue rise of Samsung. And the declining demand for PCs and data centres has brought Intel down.

Samsung memory chips are not only used by Samsung smartphones but other company as well.

With the ever increasing demand for smartphones, Samsung is expected to rule the chip maker platform for the entire year.

However Intel may be restored to the leading position as the company is exploring different sectors of the market such as artificial intelligence, Internet of Things(IoT) and autonomous driving technology. Intel is also planning to step into the autonomous vehicle segment with Israel- based company, Mobileye. It is expected to sign a deal with the company by the end of the year for $15.3 billion.