Gartner: "Samsung Electronics Regains No.1 Position in Global Semiconductor Market"

Samsung Electronics has reclaimed the top spot in the global semiconductor market, surpassing Intel, thanks to strong memory semiconductor prices in 2024. Samsung solidified its industry-leading position with total sales of $66.5 billion in 2024, becoming the center of the semiconductor market recovery.

According to a preliminary survey released on the 5th by Gartner, global semiconductor sales in 2024 increased by 18.1% year-over-year, reaching a total of $626 billion, and are projected to reach $705 billion in 2025.

Driven by graphics processing units (GPUs) and artificial intelligence (AI) processors used in data center applications, data center semiconductor sales in 2024 recorded $112 billion, a 73% increase compared to the previous year.

Samsung Electronics announced preliminary consolidated results for the third quarter with sales of 67 trillion KRW and an operating profit of 2.4 trillion KRW, exceeding expectations by more than 2 trillion KRW. The photo was taken on the 11th at Samsung Electronics Seocho Building in Seoul. Photo by Jinhyung Kang aymsdream@

George Brocklehurst, VP Analyst at Gartner, stated, “With the surge in demand for generative AI (GenAI) workloads, data centers have grown to become the second-largest semiconductor market after smartphones.”

NVIDIA ranked third with semiconductor sales of $46 billion, an 84% increase thanks to its strong AI business, while SK Hynix secured fourth place with $42.8 billion in sales by leveraging rising average memory selling prices and a leading position in the high-bandwidth memory (HBM) sector.

In particular, increased HBM production is expected to drive growth for DRAM manufacturers, with HBM sales projected to rise by 66% this year.

This preliminary Gartner survey clearly illustrates the impact of ranking changes, technological, and strategic shifts among global semiconductor suppliers, including Samsung Electronics, and forecasts continued growth in the semiconductor industry.

This content was produced with the assistance of AI translation services.