You are here: Home » News-IANS » Business-Economy
Business Standard

Global semiconductor revenue grew 2.6% in 2016

IANS  |  Mumbai 

Global semiconductor hit $343.5 billion in 2016 -- a 2.6 per cent increase from 2015 of $334.9 billion, market research firm Gartner said on Monday.

The top 25 semiconductor vendors' combined increased 10.5 per cent, a significantly better performance than the overall industry's growth. However, most of this growth resulted from merger and acquisition (M&A) activity.

"Worldwide semiconductor revenue growth was supported by increasing production in many electronic equipment segments, improving NAND flash memory pricing and relatively benign currency movements," said James Hines Research Director at Gartner.

Intel retained its top spot as the largest semiconductor manufacturer and grew its semiconductor revenue 4.6 per cent in 2016.

While Samsung Electronics continued to maintain the second spot with 11.7 per cent market share, Qualcomm stood third with 4.5 per cent market share.

"Consolidation continued to play a major role in the market share rankings, with several large companies growing through acquisitions," the report added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 15:14 IST