SAM­SUNG ENDS IN­TEL’S REIGN AS CHIP KING

The Denver Post - - BUSINESS - — Den­ver Post staff and wire re­ports

In­tel’s more than two decade reign as king of the sil­i­con­based semi­con­duc­tor ended Thurs­day when Sam­sung Elec­tron­ics sur­passed the U.S. man­u­fac­turer to be­come the lead­ing maker of the com­puter chips that are a 21st cen­tury sta­ple much as oil was in the past.

Sam­sung re­ported record-high profit and sales in its earn­ings re­port for the April-June quar­ter, and while In­tel’s re­ported earn­ings beat fore­casts, the U.S. com­pany’s en­tire rev­enue was smaller than sales from Sam­sung’s chip divi­sion. Sam­sung said its semi­con­duc­tor busi­ness recorded 8 tril­lion ($7.2 bil­lion) in op­er­at­ing in­come on rev­enue of 17.6 tril­lion won ($15.8 bil­lion) in the quar­ter. In­tel said it earned $2.8 bil­lion on sales of $14.8 bil­lion.

“Given Sam­sung’s strength to­day in flash mem­ory, I am not sur­prised Sam­sung sur­passed In­tel in semi­con­duc­tor rev­enue,” said Pa­trick Moor­head, prin­ci­pal an­a­lyst with Moor In­sights & Strat­egy.

Ama­zon, Fox­conn re­flect de­liver-it-now trend.

Ama­zon’s plans to add 50,000 jobs at a dozen ware­houses across the United States and Fox­conn’s de­ci­sion to build a $10 bil­lion plant and hire up to 13,000 work­ers in Wis­con­sin aren’t just feel-good sto­ries of job cre­ation. They re­flect the pres­sures com­pa­nies now feel to be as close to their cus­tomers as pos­si­ble — a trend that’s help­ing re­store some Amer­i­can fac­to­ries and jobs.

Be­zos was the world’s rich­est man. For a minute.

Forbes mag­a­zine says Ama­zon CEO Jeff Be­zos briefly be­came the world’s rich­est man Thurs­day, as stock in his e-com­merce com­pany hit an all-time high. But Mi­crosoft founder Bill Gates re­claimed the lead by af­ter­noon, as Ama­zon’s stock fell be­low the day’s open­ing price.

OSHA probes scaf­fold ac­ci­dent.

U.S. Depart­ment of La­bor Oc­cu­pa­tional Safety and Health Ad­min­is­tra­tion is in­ves­ti­gat­ing a con­struc­tion ac­ci­dent that in­jured two work­ers when they fell 40 feet from scaf­fold­ing at a con­struc­tion site in Lone Tree.

The men were work­ing on a multi-fam­ily hous­ing de­vel­op­ment at 9980 Train Sta­tion Cir­cle when they fell from the fourth story Thurs­day morn­ing. “They were on scaf­fold­ing on the fourth floor and both fell at the same time, down to the street level,” South Metro Fire Res­cue spokesman Eric Hurst said.

Sea­sonal flights to Steam­boat Springs set.

Steam­boat’s ski sea­son air­line pro­gram is poised to bring trav­el­ers to Col­orado from Austin, Texas, and Kansas City, Mo. The Steam­boat Ski & Re­sort Corp. an­nounced Wed­nes­day that flights be­tween Austin and Kansas City and Yampa Val­ley Re­gional Air­port will be­gin Dec. 13 and con­tinue through April. The flights will be on 50-pas­sen­ger jets flown by Vi­aAir and are set to run Wed­nes­days, Satur­days and Sun­days.

Air bag in­fla­tor blamed for an­other death.

A Florida driver has died in a crash near Tampa that in­volved an ex­plod­ing Takata air bag in­fla­tor. Ac­cord­ing to Honda, the crash hap­pened July 19 in Hol­i­day. Author­i­ties have yet to re­lease the cause of death. If the driver was killed by the in­fla­tor, it would be the 19th death world­wide and 13th death in the U.S. blamed on the in­fla­tors.

Trump Fed nom­i­nee likes rule change ideas.

Ran­dal Quar­les, who’s poised to be a Fed­eral Re­serve of­fi­cial and key player in Pres­i­dent Don­ald Trump’s ef­fort to scale back fi­nan­cial rules, has a clear idea of where reg­u­la­tors should ap­ply prun­ing shears. Speak­ing at his Se­nate con­fir­ma­tion hear­ing Thurs­day, Quar­les said he agreed with the re­cent urg­ings of the man he’d be re­plac­ing on the Fed board as the head of bank su­per­vi­sion.

So­lar eclipse spurs big busi­ness.

Mil­lions of eyes will be fixed on the sky when a to­tal so­lar eclipse crosses the U.S. in Au­gust. It’s likely many of those eyes will be will be safely be­hind spe­cial eclipse glasses churned out by a Ten­nessee com­pany. Amer­i­can Pa­per Op­tics is one of the many busi­nesses in­clud­ing ho­tels, camp­grounds and re­tail stores tak­ing ad­van­tage of the crowds drawn by the coast-to-coast eclipse.

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