Semiconductor market stays strong despite Covid

The worldwide semiconductor market grew by 7.3 percent to $450 billion in 2020, following a 12 percent decline in 2019, says Gartner.

Andrew Norwood, Gartner VP of research, said in a statement, “Despite a slowdown in the overall smartphone market, strong sales of 5G smartphones helped Qualcomm and MediaTek achieve strong growth in 2020.” The top ten chip vendors accounted for 56 percent of the market. Intel retained its position as the top ranked global semiconductor vendor by revenue in 2020, followed by Samsung Electronics, SK Hynix, and Micron, according to Gartner’s initial report this week.

Top 10 semiconductor vendors by worldwide revenue in 2020 (millions of USD)
(click image to enlarge; source: Gartner)

Further, “Memory, the best performing device category in 2020, benefited from the increased server build and PC and ultramobile demand from the shift to home working and learning,” Gartner said. “Worldwide memory revenue increased US$13.5 billion in 2020, which accounts for 44% of the overall semiconductor revenue growth in 2020.”

Gartner’s news release is here, and a detailed report is available to Gartner subscribers here.