Lost to Intel! Samsung Electronics ranks second in global semiconductor sales in Q3

The global semiconductor market was worth $147 billion in the third quarter of this year, down 7 percent from $158 billion in the second quarter, according to market research firm Omdia. Samsung Electronics lost to Intel to take second place in global semiconductor sales.

Due to the increase in demand for consumer electronics and semiconductor products during the epidemic, the global semiconductor market has expanded for eight consecutive quarters since 2020, but the market began to shrink in Q2 this year-this is the pressure on the global economy from rising interest rates and heightened geopolitical risks Another sign of being overwhelmed.

Cliff Rimbach, chief researcher at Omdia, said that the decline in the Q2 market was attributed to the weak PC market and the downturn in Intel's performance, and the main reason for the decline in Q3 was the weakness in the memory market. Profit in the memory market fell 27% from the previous quarter, Rimbach said, due to inventory adjustments by customers and lower demand for chips for data centers, PCs and mobile devices.

Therefore, the semiconductor performance of Samsung Electronics, SK Hynix and Micron Technology, which are centered on the memory semiconductor business, is not satisfactory in Q3 this year, and their revenue has dropped by more than 10 billion US dollars. Samsung Q3 sales fell 28.1% quarter-on-quarter to $14.6 billion. Intel, with sales of $14.9 billion, narrowly won the first place.

In third place was Qualcomm, with sales of $9.9 billion, an increase of 5.6% compared to the previous quarter. SK Hynix fell to fourth place from third in the previous quarter, with sales down more than 26 percent. Micron's sales also fell by more than 27%, displacing sixth-ranked Broadcom.

In addition, Omdia's ranking of semiconductor companies this time does not include foundry companies such as TSMC.