The top 25 semiconductor vendors' combined revenue increased 10.5 per cent, a significantly better performance than the overall industry's growth. However, most of this growth resulted from merger and acquisition (M&A) activity.
"Worldwide semiconductor revenue growth was supported by increasing production in many electronic equipment segments, improving NAND flash memory pricing and relatively benign currency movements," said James Hines Research Director at Gartner.
Intel retained its top spot as the largest semiconductor manufacturer and grew its semiconductor revenue 4.6 per cent in 2016.
While Samsung Electronics continued to maintain the second spot with 11.7 per cent market share, Qualcomm stood third with 4.5 per cent market share.
"Consolidation continued to play a major role in the market share rankings, with several large companies growing through acquisitions," the report added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.