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Global Semiconductor Revenue Recorded 10.4% Growth in 2020: Gartner

News Desk by News Desk
April 13, 2021
Reading Time: 2 mins read
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In 2020, due to COVID-19 outbreak, businesses faced difficulties maintaining their workflow, operations, cash flow. Companies minimized, held, or delayed the spending. Despite these, semiconductor revenue generated hyper-scalelion in 2020, a hike of 10.4% from 2019, according to Gartner’s final results. 

Mainly memory, GPUs, and 5G chipsets drove semiconductor revenue growth in 2020, driven by hyperscale, PC, ultramobile, and 5G enabled handset end-market demand. 

Intel maintained its rank as the No. 1 global semiconductor vendor by revenue in 2020, followed by Samsung Electronics, SK hynix and Micron. Intel’s semiconductor revenue grew 7.4%, driven by its core client and server CPU businesses. 

Top 10 Semiconductor Vendors by Revenue, Worldwide, 2020 (Millions of U.S. Dollars)

Overall, the top players in the top 10 were NVIDIA and MediaTek. NVIDIA’s 45.2% growth was primarily driven by the company’s gaming-related and data center businesses. MediaTek’s revenue grew 38.1% in 2020, driven by the disruption to Huawei’s business throughout the year.

Memory Accounted for One-Third of Revenue Growth

Memory, which valued 26.7% of semiconductor sales in pandemic condition 2020, was the second best-performing device category, experiencing a 13.5% revenue increase. NAND flash experienced the best performance within memory with revenue growth of 25.2% due to a shortage in 1H20. 

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“Memory benefited from the key trend in 2020 — the shift to home working and learning — which fueled increased server build from hyperscale vendors to satisfy online working and entertainment, as well as a surge in PCs and ultramobile,” said Andrew Norwood, research vice president at Gartner.

Source: Gartner

Also Read: India Server Market Revenue Fell YoY by 11.2% in Q4 2020

News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

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