Growing its 2011 sales 20.7% to $50.7 billion, Intel remained the world's biggest chipmaker measured by revenues, a position it has held for the past 20 years, according to Gartner. Samsung Electronics was again the second largest supplier of semiconductors, increasing its 2011 sales 1% to $27.4 billion. Meanwhile, Intel reported net income of $2.74 billion on sales of $12.9 billion for the first quarter of the year. The chipmaker forecast that its gross margin in the second quarter would be about 62%, compared with an average analyst estimate of 63.5%, as it upgrades existing wafer fabrication facilities and opens new fabs.
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