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 spending 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 increasing demand for laptops, tablets and servers. While distance learning and working from home increased rapidly throughout 2020, the demand for cloud servers has also increased significantly. This situation directly affected the demand for Samsung’s DRAM and SSDs. Apple’s increase in chip demand was driven by increased sales of AirPods, iPads, iPhones and Macs.
Finally, let’s state that the South Korean technology giant aims to become the world’s largest chipmaker by making large investments by 2030. At the end of the next decade, Samsung plans to move up to number one, surpassing the chip manufacturing market leader TSMC.