(MENAFN- Qatar News Agency) South Korea's Samsung Electronics Co., one of the largest producers of computer chips, controlled more than 40% of the global solid state drive (SSD) market this year, outpacing rivals like Intel Corp. and SanDisk Corp., industry data showed Sunday.
According to market researchers IHS and DRAMeXchange, Samsung's market share hit a record 41%, 2.6 times larger than its closest rival Intel, which held 16%.
The two companies were trailed by SanDisk Corp. with 10% control, while Micron Technology Inc. and Toshiba made the top five list.
In 2014, Samsung's share stood at 34% with Intel and SanDisk sharing 17% and 16% of the market, respectively.
SSD are more expensive than traditional memory storage systems but, because they use NAND flash memory, have four times the read and write speeds. This trait considerably reduces the booting time for users. It is steadily replacing hard disk drives on the market.
DRAMeXchange predicts that SSDs will be used on some 30% of all notebook computers in 2016.
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