Samsung to defend top spot in semiconductor sales in Q3: Report

Samsung Electronics is expected to defend its top spot in global semiconductor sales in the third quarter of the year, on the back of a strong memory demand.

Samsung, the world’s largest memory supplier, was projected to log $22.32 billion in semiconductor sales in the July-September period, up 10 per cent from a quarter earlier, and maintain its lead against Intel Corp., according to the latest McClean Report from market researcher IC Insights.

Intel was estimated to collect $18.78 billion in semiconductor sales in the third quarter, down 3 per cent from a quarter earlier. The US tech titan was the only one among the top 15 semiconductor firms to report negative sales growth.