Samsung Electronics has been surpassed by U.S.-based company Intel, landing it in the second spot in global semiconductor sales rankings.

According to market research firm Omdia on Sept. 8, Samsung Electronics’ semiconductor sales for Q2 (April-June) totaled US$9.45 billion, falling behind Intel’s US$12.263 billion.

The rankings by sales of the top 10 semiconductor companies in the world

Having previously led global semiconductor sales for four consecutive quarters starting from Q3 2021, Samsung lost its top spot to Intel after the memory business began to wane in the last quarter.

Samsung’s Q2 sales saw a steep 53.4% decline from the previous year (US$20.3 billion), while Intel’s sales slowed down by only 17.5% from US$14.865 billion during the same period.

Benefiting from the growth of the AI industry, Nvidia jumped from ninth place last year to third this quarter, with sales increasing by 51.7% to US$7.899 billion.

Qualcomm remained in fourth place but reported a 23.5% decrease in sales to US$7.174 billion due to slowing smartphone demand. Broadcom registered Q2 sales of US$6.15 billion, securing sixth place.

Both SK hynix and Micron, which are part of the memory industry’s “Big 3” along with Samsung, saw significant drops in their rankings.

SK hynix fell to sixth place in Q2, down from third place last year. Their Q2 sales were US$5.33 billion, a 50.6% decrease from the previous year. Micron, which was fifth last year, has now slipped outside the top ten.

Companies like Infineon Technologies and STMicroelectronics, boosted by the robust demand in the automobile industry, showed sales growth of 17% and 12.7%, respectively, landing them in the eighth and ninth spots.

Excluding foundries, global semiconductor sales in Q2 were US$124.316 billion, down 20.8% from US$156.99 billion in the same period last year.

However, compared to the previous quarter (US$119.75 billion), there was a 3.8% rebound. This is the first sales increase since Q4 2021.

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