For those who came in late, Intel has fallen behind by a year on 7nm and word on the street is that the company might have to outsource to get its technology in the shops.

Shares of Samsung Electronics rose as much as 5.8 percent at one point to their highest level in about five months and were on track to finish higher for a third consecutive session.

Analysts say that Samsung could benefit as Intel will outsource more chip manufacturing, Samsung's foundry business accounts for a small portion of Samsung’s total revenue, but is sizeable enough.

TSMC jumped five percent after hitting a record high on Monday on Intel’s woes.

TSMC has a higher market capitalisation than Samsung, but the Korean giant is taking on TSMC in the chip contract manufacturing business particularly in on-memory chips.