Top ten semiconductor vendors in 2022
Despite a growth of just 1.1% overall, the revenue of the top 25 semiconductor vendors increased 2.8% in 2022 and accounted for 77.5% of the market says market researcher Gartner.
Worldwide, semiconductor revenue in 2022 was $601.7 billion, up from $595 billion in 2021, according to preliminary results from the company.
Samsung Electronics maintained the top spot although revenue declined 10.4% in 2022, primarily due to declines in memory and NAND flash sales. Intel held on to the No. 2 position with 9.7% market share. 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 19.5%.
Table 1. Top 10 Semiconductor Vendors by Revenue, Worldwide, 2022 (Millions of U.S. Dollars)
|
2022 Rank |
2021 Rank |
Vendor |
2022 Revenue |
2022 Market Share (%) |
2021 Revenue |
2021-2022 Growth (%) |
|
1 |
1 |
Samsung Electronics |
65,585 |
10.9 |
73,197 |
-10.4 |
|
2 |
2 |
Intel |
58,373 |
9.7 |
72,536 |
-19.5 |
|
3 |
3 |
SK Hynix |
36,229 |
6.0 |
37,192 |
-2.6 |
|
4 |
5 |
Qualcomm |
34,748 |
5.8 |
27,093 |
28.3 |
|
5 |
4 |
Micron Technologies |
27,566 |
4.6 |
28,624 |
-3.7 |
|
6 |
6 |
Broadcom |
23,811 |
4.0 |
18,793 |
26.7 |
|
7 |
10 |
AMD |
23,285 |
3.9 |
16,299 |
42.9 |
|
8 |
8 |
Texas Instruments |
18,812 |
3.1 |
17,272 |
8.9 |
|
9 |
7 |
MediaTek |
18,233 |
3.0 |
17,617 |
3.5 |
|
10 |
11 |
Apple |
17,551 |
2.9 |
14,580 |
20.4 |
|
|
|
Others (outside top 10) |
277,501 |
46.1 |
271,749 |
2.1 |
|
|
|
Total Market |
601,694 |
100.0 |
594,952 |
1.1 |
Source: Gartner (February 2023)
“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,” said Andrew Norwood, VP Analyst at Gartner.
- ST sees slower growth for 2023, maintains capital expenditure
- Some market forecasters are in denial, says Future Horizons
“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. Consumers also began to reduce spending, with PC and smartphone demand suffering, and then enterprises starting to reduce spending in anticipation of a global recession, all of which impacted overall semiconductor growth.”
The decline was driven by the 10% fall in the memory market, which accounted for around 25% of semiconductor sales in 2022. By the middle of the year, the memory market was already showing signs of a significant collapse in demand as electronic equipment OEMs started to deplete memory inventory.
Conditions have now worsened to the point where most memory companies have announced capital expenditure reductions for 2023, says Gartner. Some have cut wafer production to reduce inventory levels and try to bring the markets back into balance.
The non-memory revenue grew 5.3% in 2022, but the performance varied significantly across the different device categories. The strongest growth came from analog with a 19% increase, closely followed by discretes, up 15% from 2021, driven by strong demand from the automotive and industrial end markets.
Market Share Analysis: Semiconductors, Worldwide, Preliminary 2022
www.gartner.com/en/industries/high-tech
Related semiconductor market articles
- Seven semiconductor trends for 2023
- More than half US-owned chipmaking capacity is overseas
- Chip market crash will highlight need for change
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
