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Samsung to knock Intel off its chip pedestal

South Korean company raising prices as world demands storage capacity

The logo of Samsung Electronics is seen in front of a company building in Seoul, South Korea, on Feb. 28, 2017.   © Reuters

TOKYO -- Samsung Electronics is set to become the world's largest seller of semiconductors this year. Soaring memory chip demand is allowing it to propel past Intel, which has retained the annual sales crown for 25 years.

The chipmaker has better positioned itself to benefit from two trends -- higher storage capacities in smartphones and a booming data center industry. Intel still depends on revenue from the central processing units that it sells to PC makers.

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