Semiconductor chips are used in most consumer electronics, home appliances and smartphones. Xiaomi spent $2.7 billion on these chips in 2018
Apple and Samsung accounted for buying 17.9 percent of the total semiconductor chips sold in 2018. A report published by Gartner also claimed that the trend saw a decline of 1.6 per cent as compared to the previous year.
Masatsune Yamaji, senior principal analyst at Gartner said, “Four Chinese OEMs — Huawei, Lenovo, BBK Electronics and Xiaomi — ranked in the top 10 in 2018, up from three in 2017. On the other hand, Samsung Electronics and Apple both significantly slowed the growth of their chip spending in 2018.”
All six of these brands are involved in selling consumer electronics, home appliances and smartphones in many international markets. As a matter of fact, semiconductor chips are used in most of the consumer electronics, home appliances and smartphones.
Companies who spent the most on semiconductor chips
Apple and Samsung bagged the ranks of top two spenders on semiconductor devices in 2018. Apple had earlier stated that its iPhone sales were not as much as it was expecting. However, revenue from wearables and Mac, as per Apple, has increased during the last few months.
One major highlight of the report came in the form of Xiaomi spending $2.7 billion on these chips in 2018. The China-based smartphone brand not only rose to the ranks of top smartphone companies in India, but has also forayed into the smart TV vertical here. Xiaomi has also sells fitness bands in India. Smartphones, fitness bands and smart TVs all use semiconductor chips.
The Gartner report read, “The big Chinese smartphone OEMs in particular have increased their market domination by taking out or purchasing competitors. As a result, semiconductor spending by the top 10 OEMs increased significantly and their share reached 40.2 per cent of the total semiconductor market in 2018, up from 39.4 per cent in 2017.”
Yamaji added, “The big Chinese smartphone OEMs in particular have increased their market domination by taking out or purchasing competitors. As a result, semiconductor spending by the top 10 OEMs increased significantly and their share reached 40.2 per cent of the total semiconductor market in 2018, up from 39.4 per cent in 2017.”
