Samsung’s chip revenue improves but still trails behind Intel

A new report on the semiconductor industry's revenue for Q2 2023 brings some good news and some bad news for Samsung. The revenue of Samsung Electronics' semiconductors arm has increased from $8.9 billion in Q1 2023 to $9.4 billion in Q2 2023, a 5.8% quarter-on-quarter improvement. Unfortunately, the South Korean tech giant still stands second, trailing behind Intel for four consecutive quarters.

Intel's revenue increased from $11.1 billion in Q1 2023 to $12.3 billion in Q2 2023. That is a 10.1% quarter-on-quarter improvement. Nvidia has miraculously jumped from ninth position to third position in just one quarter. In the first quarter of this year, the company's revenue stood at $5.4 billion. However, the firm's revenue increased to $7.9 billion in the second quarter, a massive 47.5% quarter-on-quarter growth.

Qualcomm is in fourth place, with revenues declining from $7.9 billion in Q1 to $7.2 billion in Q2, which could be a direct result of decreasing smartphone sales. Broadcom stands fifth with a revenue of $6.1 billion; it is the only other company whose revenues have fallen.

SK Hynix and AMD are in sixth and seventh position, respectively, with revenues of $5.3 billion each. According to Omdia, the semiconductor industry has grown by 3.8% from Q1 2023 to Q2 2023, with total revenues at $124.3 billion.

Abid Iqbal Shaik - Writer

First Samsung device: Galaxy S II

I’m a computer science engineer living in Hyderabad, India, who has a keen interest in automobiles and consumer electronics. My journalism career kicked off in 2017 with MySmartPrice where I wrote news, features, buying guides, and explanatory articles about technology among other things, and reviewed many products, including smartphones, tablets, laptops, PC components, smartwatches, audio devices, wearables, and smart home products. Since then, I have worked for 91Mobiles, Apple, and Onsitego, before finally landing on SamMobile.

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