SEOUL, South Korea (AP) – Intel’s more than two decade-long reign as the king of the silicon-based semiconductor is poised to end Thursday when South Korea’s Samsung Electronics elbows the U.S. manufacturer aside to become the leading maker of computer memory chips.

Samsung reported record high quarterly profit and sales Thursday. Analysts say it likely nudged aside Intel in the April-June quarter as the leading maker of semiconductors, the computer chips that are as much a staple of the 21st century wired world as crude oil was for the 20th century.

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Samsung said its semiconductor business recorded $7.2 billion in operating income on revenue of $15.8 billion during the April-June period.

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Intel, which reports its quarterly earnings later Thursday, is expected to report $14.4 billion in quarterly revenue.

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