Samsung Tops Global Smartphone Memory Chip Market With 46 Percent Share 6s6i1h Report

Micron ranked third with a 15 percent share, while the combined share of the top three suppliers was 85 percent. 4c3s4i

By ANI | Updated: 11 July 2022 15:35 IST

Samsung Tops Global Smartphone Memory Chip Market With 46 Percent Share: Report

Samsung Electronics topped the global smartphone memory chip market 5k1h5d

Highlights

Samsung Electronics topped the global smartphone memory chip market
SK Hynix held the second-position
The US firm Micron took third position in the memory chip market

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South Korea's major semiconductor companies, Samsung Electronics and SK Hynix hold more than 70 percent of the smartphone memory chip market.

According to Strategy Analytics on July 8, global smartphone DRAM and NAND flash sales in the first quarter of this year were estimated at $11.5 billion (roughly Rs. 91,300 crore).

SK Hynix held a 24 percent market share. Its share was 25 percent in the DRAM market and 23 percent in the NAND flash market.

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The combined share of the two companies is 70 percent. They held a 76 percent market share in the DRAM market and 62 percent in the NAND flash market. However, the market share slightly decreased from last year's analysis (Samsung 49 percent and SK 23 percent).

The US firm Micron ranked third with a 15 percent share, and the combined share of these top three suppliers reached 85 percent.

Stephen Entwistle, vice president of Strategy Analytics, said, "Despite the growth of the 5G smartphone market, the smartphone memory market will be affected by decreased demand and macro-market uncertainties."

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A few days back, it was reported that South Korea's Samsung turned in its best April-June profit since 2018 on last week, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools.

Shares of the world's largest memory-chip and smartphone maker rose 2.5 percent after preliminary results for the second quarter were announced, versus a 1.5 percent rise in the wider market.

Samsung posted an operating profit of KRW 14 trillion (roughly Rs. 85,135 crore), up 11 percent from KRW 12.57 trillion (roughly Rs. 76,430 crore) a year earlier, just shy of a KRW 14.45 trillion (roughly Rs. 87,870 crore) SmartEstimate from Refinitiv. Revenue rose 21 percent to KRW 77 trillion (roughly Rs. 4,67,900 crore), in line with estimates.

Do Samsung's Galaxy S22 and Tab S8 series have any Android competition? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

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