Chip-Maker Intel May Lose 3rd Spot

Seoul: US semiconductor manufacturer Intel may lose its third spot in terms of sales for the first time in the third quarter (Q3) to SK hynix, a major South Korean chipmaker, a report showed on Wednesday.

SK hynix is expected to post a fresh high of $12.8 billion in revenue in the July-September period to outstrip Intel to become the third-largest chipmaker in the world, according to market analyst Omdia.

It will mark the first time SK hynix delivers stronger performance than Intel since Omdia began tracking the global semiconductor industry's revenue in 2002, reports Yonhap news agency.

US artificial intelligence (AI) chip giant Nvidia Corp. is forecast to keep its top spot with quarterly sales of $28.1 billion, and Korean tech giant Samsung Electronics Co. its No. 2 spot with record quarterly sales of $21.7 billion.