Samsung was the world’s second-biggest semiconductor company in Q1 2020

Samsung is among the biggest semiconductor firms in the world, and according to a report from the market research and analysis firm Omdia, the company was second biggest during the first quarter of this year. The South Korean Electronics giant was behind Intel, which was the biggest semiconductor supplier across the globe in Q1 2020.Samsung’s revenue from its semiconductor business was $13.75 billion in the previous quarter, up slightly (1.4%) from $13.55 billion in Q4 2019. This revenue made up for 12.5% of the global semiconductor industry revenue. Intel, with 17.7% of the worldwide semiconductor revenue, was the number one brand. Intel’s semiconductor revenue during Q1 2020 was $19.5 billion, 1.8% lower than its income in Q1 2019.SK Hynix, Micron, Broadcom, Qualcomm, TI (Texas Instruments), HiSilicon, Nvidia, and Kioxia (formerly Toshiba Memory) were the other semiconductor brands on the list. Most of these companies saw their revenue grow during Q1 2020 despite the COVID-19 pandemic. However, Qualcomm (14.6% growth) and HiSilicon (40.3% growth) showed the highest growth during the period. It is surprising to see HiSilicon’s growth as Huawei experienced trade sanctions.Samsung has big plans to become the world’s biggest semiconductor firm by 2030. It has planned investments worth billions of dollars to reach its goal. It will soon start mass production of chips based on 5nm EUV technology and is investing in the development of 3nm GAA technology.