Global semiconductor revenue increased by 1.1 per cent in 2022 to total $601.7 billion, up from $595 billion in 2021, a new report said on Tuesday. According to Gartner, the combined revenue of the top 25 semiconductor vendors increased by 2.8 per cent in 2022 and accounted for 77.5 per cent of the market.
Also read: India May Produce 50 Per Cent Of All iPhones By 2027: Report
“2022 began with many semiconductor devices in shortage resulting in extended lead times and increasing pricing which led to reduced electronic equipment production for many end markets. As a result, OEMs started hedging themselves from shortages by stockpiling chip inventory,” Andrew Norwood, VP Analyst at Gartner, said in a statement.
Also read: Extramarital Dating App Gleeden’s 20 Per Cent Users Are From India
“However, by the second half of 2022, the global economy began to slow under the strain of high inflation, rising interest rates, higher energy costs and continued Covid-19 lockdowns in China, which impacted many global supply chains,” he added.
Also read: Twitter Opens Verification For Organisations. Here’s What It Means
Samsung Electronics retained the top spot, despite revenue falling 10.4 per cent in 2022, primarily due to declines in memory and NAND flash sales, according to the report.
Intel held on to the No. 2 position with a 9.7 per cent market share. However, the company was impacted by the significant decline of the consumer PC market and strong competition in its core x86 processor businesses and revenue growth declined by 19.5 per cent.
Moreover, memory, which accounted for approximately 25 per cent of semiconductor sales in 2022, was the worst-performing device category, experiencing a 10 per cent revenue decrease, the report mentioned.
Overall nonmemory revenue increased by 5.3 per cent in 2022, but performance varied greatly across device categories.
(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)