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Global Semiconductor Sales to Reach $175.9 Billion in Q3, Led by Nvidia

Nvidia, Samsung, and SK Hynix drive semiconductor sales surge, though consumer electronics demand remains a concern
South Korea
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The global semiconductor industry is forecasted to achieve $175.9 billion in sales (excluding foundries) for the third quarter of 2023, marking an 8.5% increase from Q2, according to Omdia. This rise is primarily fueled by demand for high-performance memory and AI accelerator chips, which are critical for AI-driven applications.

Nvidia leads the market, projected to generate $28.1 billion in Q3, with a dominant 16% market share, maintaining its leadership in AI chip technology. Samsung Electronics is expected to follow with $21.7 billion in sales, reaching its highest level since 2018 and securing a 12.3% market share.

In a notable shift, SK Hynix is forecast to surpass Intel for the first time, achieving $12.8 billion in sales, primarily driven by demand for high-bandwidth memory used in AI computations. Intel is expected to fall to fourth place with $12.1 billion in sales, continuing its struggle in the competitive landscape.

Broadcom and Qualcomm round out the top five, while the broader market faces headwinds from weaker consumer electronics demand and supply chain challenges, particularly affecting smartphone and PC markets.

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