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2020 Worldwide Semiconductor Revenue Grew 7.3% According to Gartner

Gartner Presents Preliminary 2020 Revenue Growth for Worldwide Semiconductor Manufacturer

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The semiconductor manufacturing industry found itself in a decline of 12% in 2019. With COVID entering the market in early 2020 there were fears among manufacturers that this decline trend would continue. However preliminary results, published by Gartner, Inc. has the industry increasing by 7.3% over 2019.

Not all semiconductor manufacturers were able to capture increases due to consumer demand in 2020. The automotive and industrial sectors did not fare well. With lockdowns, quarantines and telework rushing onto the business scene, consumer electronics and server demand pushed an increase in CPUs, NAND flash and DRAM.

Here are some highlights to the report:

  • Intel continued as the top semiconductor vendor
  • Samsung, SK Hynix, and Micron followed
  • MediaTek had the strongest growth at 38.3% due to 5G smartphone demand
  • Memory was the best performer, increasing by 44%

Top 10 Semiconductor Vendors by Revenue, Worldwide, 2020 (Millions of U.S. Dollars)

2020 Rank2019 RankVendor2020 Revenue2020 Market Share (%)2019 Revenue2019-2020 Growth (%)
11Intel70,24415.667,7543.7
22Samsung Electronics56,19712.552,1917.7
33SK hynix25,2715.622,29713.3
44Micron Technology22,0984.920,2549.1
56Qualcomm17,906413,61331.5
65Broadcom15,6953.515,3222.4
77Texas Instruments13,0742.913,364-2.2
813MediaTek11,0082.47,95938.3
914KIOXIA10,2082.37,82730.4
1016Nvidia10,0952.27,33137.7
Others198,04244191,2363.6
(outside top 10)
Total Market449,838100419,1487.3
  • Source: Gartner (January 2021)

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