According to a new report by IC Insights, Samsung surpassed Intel to become the world’s largest semiconductor supplier in Q2 2022. The report also says that Mediatek and Nvidia witnessed significant growth, while Intel, TSMC, and Qualcomm did not grow much.

As per IC Insights, Samsung’s market share in the semiconductor market surged due to the rise in demand as well as prices for DRAM and flash memory. The company’s sales increased 19% in the second quarter of 2022 to  $20.3 billion. 

This helped the South Korean giant to beat Intel to lead the global semiconductor market. In fact, Samsung is forecasted to further widen its gap with its American rival by growing even more 10% to $22.3 billion in Q3 2021.

Samsung was ranked as the top semiconductor supplier through much of 2017 and 2018 when the memory market went through its last cyclical upturn. During that time, the company’s sales exceeded $20.0 billion during the peak of the memory upturn in 2018.

Talking about other good performances in Q2 2021, the sales of MediaTek and Nvidia increased 17% and 14% respectively. The former was benefited from the data centers and gaming industry. On the other hand, the latter grew due to the strong demand for 5G smartphones.

Memory suppliers like Sk Hynix and Micron also showcased the growth of 21% and 16% respectively. However, their position did not change in the top 10 list.

Whereas, big players like Intel, TSMC, Qualcomm only grew 3% in the same duration. Also, Broadcom only saw a 1% increase in its sales.

As a whole, the sales of the top 10 semiconductor suppliers rose 10% to $95.5 billion in the second quarter of 2022.

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