www.businesskorea.co.kr, Apr. 19, 2022 –
Samsung Electronics had its presence felt by returning to the top spot in the global semiconductor market in three years in 2021. However, there is still a long way to go. The company aspires to become the No. 1 player in the system semiconductor sector by 2030. But it faces a formidable rival, TSMC of Taiwan.
Gartner announced on April 15 (local time) that Samsung Electronics posted US$73.2 billion (90 trillion won) in semiconductor sales in 2021, surpassing Intel, which posted US$72.5 billion in sales, to become the world's No. 1 player in semiconductor sales. In terms of market shares, Samsung Electronics accounted for 12.3 percent, slightly ahead of Intel's 12.2 percent.
A spike in sales amid a boom in the memory market drove Samsung Electronics' recapture of the top spot in the semiconductor market. According to Gartner, the memory business division of the Korean semiconductor giant logged a 33.2 percent increase in sales compared to the previous year due to a price hike.
Yet, Samsung Electronics is struggling in the non-memory sector, which is much larger than the memory market. It accounts for 70 percent of the global semiconductor market.