Samsung semiconductor market revenue worldwide 2007-2023

In 2023, Samsung's semiconductor revenue stood at 39.9 billion U.S. dollars, a reduction from the 63.8 billion U.S. dollars in revenue that the company recorded in 2022. Samsung suffered as a result of the memory semiconductor market experiencing one of its worst declines in history.

Samsung Electronics

Samsung Electronics is a global leader in semiconductors, telecommunications and digital media technologies, and one of the most valuable technology brands in the world. Headquartered in Suwon, South Korea, the company was founded in 1969. Samsung employs around 270,000 people worldwide and spends nearly 20 billion U.S. dollars on research and development each year. Samsung also ranks amongst companies with the most U.S. patents granted.

AI chips

Semiconductor chips are crucial in our digital lives. Fitted with billions of electronic transistors that constitute elaborate integrated circuits, these chips power everything from smartphones and laptops, to more industrial and automotive applications. The next development in the semiconductor industry are chips that support artificial intelligence (AI) technologies. Experts suggest AI chips will find their way into an increasing number of consumer devices, such as smartphones, tablets, smart speakers, and wearables. In addition to this, they will also be used in multiple enterprise markets, such as robotics, sensors, and other IoT (internet of things) devices, with further growth expected as smart city initiatives take hold.