Samsung has earned the title of being the world’s second-largest chip receiver, as the company to buy the most chips in 2020, after Apple.
Samsung is not only the world’s largest memory chip maker, but also the world’s second-largest chip receiver. The company spent tens of billions of dollars to purchase semiconductor chips during 2020 due to the increasing demand for computers and other consumer electronics during the epidemic.
Samsung Electronics spent $ 36.4 billion on semiconductor chips last year, according to a new report from market research firm Gartner. Thus, the company’s expenditures in 2020 increased by 20.4% compared to 2019. Apple became the world’s largest chip receiver in 2020, and spent $ 53.6 billion on semiconductor chips. This corresponded to 11.9% of the global chip market. Thus, Apple has increased its spending by 24% compared to 2019.
Samsung took advantage of the ban imposed on Huawei products during the epidemic and the increased demand for laptops, tablets and servers. While distance learning and working from home have increased rapidly throughout 2020, the demand for cloud servers has also increased significantly. This situation directly affected Samsung’s demand for DRAM and SSDs. The increase in Apple’s chip demand resulted from increased sales of AirPods, iPads, iPhones and Macs.
Finally, let’s say that the South Korean technology giant aims to become the world’s largest chip maker by making large investments by 2030. At the end of the next decade, Samsung plans to take the first place, surpassing TSMC, the chip manufacturing market leader.