Technology Mirror
Samsung Semiconductor Revenue Market Share Dwindles by 40% in 2 Years

Samsung Semiconductor Revenue Market Share Dwindles by 40% in 2 Years

Samsung’s semiconductor market share dwindled by about 40% in the last 2 years. The firm’s worldwide market share in the semiconductor industry was 7.5% in 2023, down from 12.3% in 2021 according to .Stocklytics.com,

The site’s financial analyst, Edith Reads, comments: “Samsung faces challenges aligning with the changes happening in the semiconductor industry worldwide, where supply and demand conditions constantly shift. Factors such as a decline in the memory sector and decreased performance in the smartphone market have significantly impacted its situation.

However, the main concern lies in new competitors encroaching on the tech giant’s market share. The firm hopes to begin supplying advanced memory chips for US semiconductor giant Nvidia’s graphics processing units soon. This will boost its push to regain its advantage in the semiconductor field.”

The global semiconductor revenue reached $533 billion, an 11.1 % slump from 2022. Out of the total, Samsung’s semiconductor revenue accounted for 7.5% of the market share, raking in roughly $39.9 billion, a sharp decline of over 37.5 % from 2022’s $63.8 billion.

While Samsung may have maintained a lead in the semiconductor revenue throughout the years, it was nudged off the top position by Intel in 2023. Intel retook the market leader position within the global semiconductor industry with a market share of 9.1%, with Samsung ranking second among vendors.

administrator

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *