SEOUL— Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. 1 chip maker as it logged its biggest-ever quarterly revenue.
The semiconductor industry cashed in on a supply-crunch set off by the pandemic that wreaked havoc across global businesses, hampering production of everything from autos to refrigerators to smartphones. Demand exceeded supply throughout the past year, handing greater pricing power to chip companies such as Samsung and Intel.
