TechInsights Report Predicts TSMC As Top Chipmaker in 2023, Samsung Slips to 4th Position

The McClean Report from TechInsights has released its findings on the top semiconductor manufacturers in terms of revenue (USD) and sales for the year 2023, with some interesting and for some, concerning trends.

Although the annual revenue briefing for Q4 of last year is still pending for TSMC and Intel, both of which are expected to hold a financial report meeting on 18th and 26th, respectively, TechInsights believes that Samsung may loose it’s crown to TSMC.

Samsung to Likely Drop to 4th, Lacking Behind TSMC & Intel

According to the report, Samsung Electronics has suffered a huge dip in revenue, primarily due to changes in the memory industry. Samsung is currently the world’s largest memory chip maker, and so this is why its revenue is highly reliant on memory sales, making it susceptible to market fluctuations.

TSMC, on the other hand has seen a steady increase in semiconductor sales, and despite a challenging year, may overtake both Intel and Samsung and its revenue (USD) is projected to be the highest for the past year.

Intel is expected to follow TSMC in terms of its revenue. The report mentions a 16% annual decrease in Intel’s revenue in 2023. However, specific details on Intel’s financial performance will likely be disclosed in its financial report meeting, scheduled for later this month.

The report estimates TSMC’s US dollar revenue in 2023 to be $68.852 billion, a 9% annual decrease, and Intel’s to be $51.401 billion, a 16% annual decrease. Samsung is expected to drop to the fourth position with estimated revenue of $48.304 billion, with a significant annual decrease of ~37%.

While the final rankings may vary, based on official numbers, we’ve seen how Samsung’s revenue for the previous quarter, Q3 2023 saw an incredible 14.1% increase as opposed to 10.2% for TSMC. Other three companies in the top 5 didn’t even manage to hit double digits.

TechInsights’ report does claim that the reasons for Samsung’s decline may have something to do with the decrease in demand for semiconductors, or an overall increase in inventory. Either way, it remains to be seen how things pan out once official findings are public.

This is all we know for now, but rest assured that we will keep you updated as new information becomes available.

via: Economic Daily