Samsung Electronics ranked world's second largest semiconductor maker

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Samsung Electronics ranked world's second largest semiconductor maker

Samsung Electronics was the world's second largest semiconductor vendor in the first quarter of the year, a report showed Wednesday, after posting double-digit year-on-year sales growth.
The Korean tech juggernaut logged $17.07 billion in chip sales in the January-March period, up 15 percent from a year earlier, according to the latest McClean Report released by market researcher IC Insights.
Samsung, the world's largest memory chip supplier, racked up $16.15 billion in integrated circuit (IC) sales, while $920 million came from optoelectronic, sensor and discrete (OSD) sales.
Intel was the top semiconductor seller in the first quarter, although it was the only company among the top 15 suppliers to post negative growth. The U.S. chip titan posted sales of $18.67 billion, down 4 percent from a year earlier.
Taiwan Semiconductor Manufacturing Company (TSMC), the world's No. 1 foundry firm, came in third with sales of $12.91 billion, up 25 percent from a year earlier. Korea's SK hynix took fourth after its sales grew 26 percent on year to $7.62 billion followed by U.S. memory giant Micron Technology, whose sales expanded 31 percent on year to $6.58 billion in the first quarter.
The report showed semiconductor sales from the top 15 firms rose 21 percent on year to $101.86 billion in the first quarter, beating the total industry average growth of 18 percent. If excluding Intel, the sales growth of the top 15 companies jumps to 29 percent.
Fourteen of the top 15 suppliers had semiconductor sales of at least $3 billion in the first three months of 2021.
Of the top 15, eight firms were headquartered in the United States, followed by two each in Korea and Taiwan. The latest ranking included six fabless companies — Qualcomm, Broadcom, Nvidia, MediaTek, Advanced Micro Devices (AMD) and Apple.
AMD had the highest growth rate of the top 15 in the first quarter after its sales surged 93 percent on year to $3.44 billion.
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