Samsung is no longer the world’s biggest semiconductor chip firm; you read that right. The Korean brand ‘Samsung’—the biggest firm in the universe—is no longer the biggest now, as reports are unveiling. Surprisingly, Samsung Electornics’s revenue from its semiconductor chip division shot down directly from 2022’s $70.2 billion to $43.4 billion in 2023.
In 2022, Samsung Electronics generated revenue of $70.2 billion, according to studies in 2023, which dropped to $43.4 billion. This means that the brand gets a massive loss of 38%, and unfortunately, 2023 results in a drop year as the market slumps for memory chips.
Meanwhile, Intel’s revenue also dropped, but is far better as compared to Samsung Electronics. That’s why Intel overtakes Samsung in terms of semiconductor chip revenue. Intel generated $59.8 billion in revenue in 2022, when it dropped to $50.5 billion in 2023. That means a drop of exactly 15%.
The matrices reveal that Nvidia is the only semiconductor chip brand in the industry whose revenue has increased; in 2022, it will generate $16.3 billion, which shoots up directly to $30.3 billion in 2023, which is about 86% of increased revenue. And the credit goes to the AI boom and the increased demand for powerful GPUs for cloud servers. Nvidia placed its name in the third position in 2023, up from the tenth position in 2022.
Whereas Qualcomm was in fourth place in 2023 after facing a drop of 17% from 2022’s $36.3 billion to generate revenue of $30.2 billion in 2023. Broadcom is in fifth place with a 13% raised revenue of $30 billion as compared to 2022’s revenue. Then SK Hynix, a tough competitor of Samsung in the memory chip industry, generated revenue of $23.6 billion after facing a drop of 33% from $35 billion in 2022.
AMD experienced a 4% drop in revenue from $23.6 billion in 2022 to $22.6 billion in 2023. Texas Instrument’s revenue in 2022 was $20 billion, which dropped to $17.5 billion in 2023, a 12% drop.
However, it is expected that this year (2024) Samsung’s revenue will shoot up since the demand for memory chips is expected to improve and the price of memory chips is also rising compared to last year. And probably Samsung will take its first position away from Intel and again become the world’s biggest semiconductor chip brand.
