Samsung To Lose No. 1 Semiconductor Supplier Rank To Intel In 2019: Report
Muhammad Irfan Published November 19, 2019 | 12:38 PM
South Korean tech giant Samsung Electronics Co. will relinquish its top semiconductor supplier rank to U.S. chipmaker Intel Corp. this year due to the weak memory chip market, an industry report showed Tuesday
SEOUL, (UrduPoint / Pakistan Point News - 19th Nov, 2019 ):South Korean tech giant Samsung Electronics Co. will relinquish its top semiconductor supplier rank to U.S. chipmaker Intel Corp. this year due to the weak memory chip market, an industry report showed Tuesday.
The top-15 semiconductor companies' sales are forecast to drop by 15 percent this year to US$314.9 billion compared to 2018, and memory suppliers were poised for deeper declines this year, according to the market researcher IC Insights.
Korean chipmaker Samsung Electronics Co.'s semiconductor sales were expected to tumble 29 percent on-year to $55.6 billion in 2019, falling behind U.S. chip giant Intel Corp.'s $69.8 billion annual revenue estimate, IC Insights said.
Samsung's semiconductor sales heavily rely on memory devices, such as DRAM and NAND flash, which had an industry downturn following a two-year boom, while Intel is a leader in computer chips. Intel held the No. 1 semiconductor maker title from 1993 through 2016.
"With a forecasted 34 percent drop in the memory market this year, Intel is once again expected to rank as the largest semiconductor supplier and have sales that are 26 percent larger than Samsung in 2019," IC Insights said in a report.
SK hynix Inc., the world's second-largest memory chipmaker, was set to move down one notch to fourth place in the semiconductor rankings following Taiwanese foundry leader TSMC Ltd., it noted.
Recent Stories
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
More Stories From Business
-
BIST 100 up at Friday’s open
32 minutes ago -
Biden administration approves $60M to rebuild Baltimore bridge
52 minutes ago -
China to export homegrown tunnel-boring machine to Italy
1 hour ago -
Foreigners make nearly 3 million inbound, outbound trips to China in Jan-Feb
1 hour ago -
Türkiye's foreign trade gap halves in January-February
1 hour ago -
Shipping activity at Port Qasim
2 hours ago
-
Tractor production increase 68% in Jul-Feb
2 hours ago -
Exchange rates for currency notes
3 hours ago -
Foreign exchange rates
3 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
5 hours ago -
Today Gold Rate in Pakistan 29 March 2024
6 hours ago -
Pakistan retains position in FTSE secondary emerging market
15 hours ago