In 2023, Samsung's semiconductor revenue stood at 39.9 billion U.S. dollars, a reduction from the 63.8 billion U.S. dollars in revenue that the company recorded in 2022. Samsung suffered as a result of the memory semiconductor market experiencing one of its worst declines in history.
Samsung Electronics
Samsung Electronics is a global leader in semiconductors, telecommunications and digital media technologies, and one of the most valuable technology brands in the world. Headquartered in Suwon, South Korea, the company was founded in 1969. Samsung employs around 270,000 people worldwide and spends nearly 20 billion U.S. dollars on research and development each year. Samsung also ranks amongst companies with the most U.S. patents granted.
AI chips
Semiconductor chips are crucial in our digital lives. Fitted with billions of electronic transistors that constitute elaborate integrated circuits, these chips power everything from smartphones and laptops, to more industrial and automotive applications. The next development in the semiconductor industry are chips that support artificial intelligence (AI) technologies. Experts suggest AI chips will find their way into an increasing number of consumer devices, such as smartphones, tablets, smart speakers, and wearables. In addition to this, they will also be used in multiple enterprise markets, such as robotics, sensors, and other IoT (internet of things) devices, with further growth expected as smart city initiatives take hold.
Samsung semiconductor market revenue worldwide from 2007 to 2023
(in billion U.S. dollars)
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Gartner. (January 16, 2024). Samsung semiconductor market revenue worldwide from 2007 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/
Gartner. "Samsung semiconductor market revenue worldwide from 2007 to 2023 (in billion U.S. dollars)." Chart. January 16, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/
Gartner. (2024). Samsung semiconductor market revenue worldwide from 2007 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/
Gartner. "Samsung Semiconductor Market Revenue Worldwide from 2007 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Jan 2024, https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/
Gartner, Samsung semiconductor market revenue worldwide from 2007 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/ (last visited October 31, 2024)
Samsung semiconductor market revenue worldwide from 2007 to 2023 (in billion U.S. dollars) [Graph], Gartner, January 16, 2024. [Online]. Available: https://www.statista.com/statistics/295522/semiconductor-revenue-of-samsung-worldwide/