5 Companies That Had A Rough Week

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Intel Toppled By Samsung As Top Chip Manufacturer in 2017

Newly released data showed that Intel has been toppled from its spot as the leader in the global chip market by competitor Samsung.

The change – which marks the first time since 1992 that Intel is not in the top spot – stems in part from the fact that memory prices were higher due to a supply shortage. Samsung's semiconductor division generated $69.1 billion in annual revenue in 2017, topping the $62.8 billion in annual revenue generated by Intel, according to the companies' respective financial reports.

"The largest memory supplier, Samsung Electronics, gained the most market share and took the [No. 1] position from Intel," said Andrew Norwood, research vice president at market research firm Gartner, in a statement.

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