Samsung has lost its coveted position as the world’s largest semiconductor chip company. The latest data from Counterpoint Research reveals a substantial decline in Samsung Electronics’ chip division revenue, plummeting from $70.2 billion in 2022 to $43.4 billion in 2023, marking a staggering 38% drop. The decline is attributed to the downturn in the memory chip market and Samsung’s struggle to attract customers for its advanced manufacturing processes.

Surging ahead of Samsung, Intel has emerged as the new leader in the global ranking of semiconductor chip makers for 2023. While Intel also experienced a decline in revenue, it was not as significant as Samsung’s. Intel’s revenue dropped by 15%, falling from $59.8 billion in 2022 to $50.5 billion in 2023, allowing the company to overtake Samsung in chip revenue.

In a contrasting trajectory, NVIDIA, a key player in the semiconductor chip industry, witnessed an impressive surge in revenue. Bolstered by the artificial intelligence boom and heightened demand for potent GPUs for cloud servers, NVIDIA’s revenue is projected to experience an outstanding 86% growth. Soaring from $16.3 billion in 2022 to $30.3 billion in 2023, NVIDIA made a remarkable leap from the 10th position in 2022 to the 3rd spot in the global rankings for 2023.

While Samsung grapples with the loss of its top spot, Qualcomm secured the fourth position in the rankings with revenues of $30.2 billion, representing a 17% decline from $36.3 billion in the previous year. Broadcom retained its fifth place, boasting $30 billion in revenue, reflecting a 13% increase from 2022. Notably, SK Hynix, Samsung’s primary competitor in the memory chip market, experienced a 33% decline in revenue, securing sixth place with $23.6 billion. AMD’s revenue witnessed a modest 4% decrease, from $23.6 billion in 2022 to $22.6 billion in 2023, placing the company seventh. Texas Instruments, with revenue falling by 12% from $20 billion in 2022 to $17.5 billion in 2023, rounded off the top eight in the global semiconductor chip market.

As the industry dynamics continue to evolve, Samsung anticipates a resurgence in revenue in 2024. The anticipated boost is attributed to an upswing in demand for memory chips and an increase in memory chip prices compared to the previous year.

Source: Sammobile Intel Overtakes Samsung: World’s Biggest Semiconductor Chip Company