Awesome deals, Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Get 15% discount on Thinborne cases!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung was second-biggest chip buyer in the world in 2020

    Business
    By 

    Last updated: February 10th, 2021 at 06:18 UTC+01:00

    Samsung is not only the world's biggest memory chip maker but also the second-biggest chip buyer globally. The company spent tens of billions of dollars in buying semiconductor chips during 2020, driven by higher demand for computers and other consumer electronics during the pandemic.

    According to a new report from market research firm Gartner, Samsung Electronics spent $36.4 billion on semiconductor chips last year. The company's spending in 2020 was 20.4% higher than in 2019. Apple was the world's biggest chip buyer in 2020, spending $53.6 and accounting for 11.9% share of the global chip market. The iPhone maker's spending on chips increased by 24% in 2020 compared to 2019.

    Samsung benefited from the ban on Huawei products and the higher demand for laptops, tablets, and servers during the pandemic. As e-learning and work-from-home rose sharply last year, demand for cloud servers spiked, raising demand for Samsung's DRAM and SSDs. Apple's chip demand boost was driven by higher sales of AirPods, iPads, iPhones, and Macs.

    The South Korean tech giant aims to become the world's largest chipmaker by investing $115 by 2030. It is trying to beat chip fabrication market leader TSMC by the end of this decade. However, its 5nm EUV process is reportedly still not as power-efficient as TSMC's 5nm process, and TSMC has already made significant progress in moving to a 3nm process.

    Top 10 Semiconductor Chip Buying Firms In 2020

    Via Business Samsung Electronics

    You might also like

    Samsung Bot Fit wearable robot may enter production soon

    Samsung Bot Fit wearable robot may enter production soon

    Samsung might have even bigger plans for the wearable market in 2024 than the Galaxy Ring. The company is supposedly planning to unveil its Apple Vision Pro competitor before the end of 2024, and one new report from Korea even says that the company is already strategizing the production of the Bot Fit wearable robot. […]

    • By Mihai Matei
    • 21 hours ago
    Samsung could link up with another major Korean group on AI

    Samsung could link up with another major Korean group on AI

    AI is the future and companies across different industries are taking a collaborative approach to utilize this technology for enhancing their offerings. Samsung is significantly invested in AI and is also open to collaborations with other companies. It appears that the company may link up with another major Korean conglomerate on AI. There's talk of […]

    • By Adnan Farooqui
    • 21 hours ago
    Samsung is piling up billions in cash to likely make a big acquisition

    Samsung is piling up billions in cash to likely make a big acquisition

    There has long been speculation about how Samsung would use its more than $60 billion cash reserves. The general perception is that the company would become active in the mergers and acquisitions space to buy some big company. However, Samsung hasn't made any major acquisitions since it bought Harman for $8 billion back in 2017. […]

    • By Adnan Farooqui
    • 1 day ago
    Premium Samsung Store opened in India’s Kolkata

    Premium Samsung Store opened in India’s Kolkata

    Samsung has opened its Premium Experience Store in the city of Kolkata in India. This is the seventh Premium Experience Store from Samsung to be opened in India. The company announced last year that it wants to open a total of 15 such premium retail stores across India. Samsung has opened a Premium Experience Store […]

    • By Asif Iqbal Shaik
    • 5 days ago
    Walmart and Vizio might beat Samsung’s TV business in the USA

    Walmart and Vizio might beat Samsung’s TV business in the USA

    Earlier this week, US retail giant Walmart confirmed its plans to buy the smart TV brand Vizio in a deal worth $2.3 billion. Initially, Walmart said this acquisition was part of its strategy to expand its Walmart Connect advertising business, but market watchers say this transaction may have some negative effects on Samsung's smart TV […]

    • By Mihai Matei
    • 5 days ago
    Samsung led the tablet market in India in 2023, Apple was 3rd

    Samsung led the tablet market in India in 2023, Apple was 3rd

    The tablet market in India experienced several ups and downs in 2023, but by the end of the year, Samsung emerged as the top-selling tablet brand in the country, new data from IDC (via Times of India) shows. Even though Samsung's tablet business suffered from a 34.7% year-on-year decline in India, the company was reportedly […]

    • By Mihai Matei
    • 6 days ago