Gartner Says Top 10 Semiconductor Buyers Increased Chip Spending by 25.2% in 2021

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Gartner Says Top 10 Semiconductor Buyers Increased Chip Spending by 25.2% in 2021
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Higher semiconductor prices and panic buying due to the chipshortage caused a spike in spending by the top 10 chip buyers, according to Gartner_HT. Read more here. GartnerTGI

prevented OEMs from increasing production not just of vehicles but also various electronic equipment types, including smartphones and video game consoles. However, the chip shortage significantly increased selling prices, which meant OEMs spent much more on semiconductor procurement in 2021 than in prior years.

The average selling prices of semiconductor chips, such as microcontroller units, general-purpose logic integrated circuits , and a wide variety of application-specific semiconductors, increased by 15% or more in 2021. “The semiconductor shortage also accelerated OEMs’ double booking and panic buying, causing a huge spike in their semiconductor spending,” said Yamaji.

Apple and Samsung Electronics have retained the top two spots since 2011 while swapping ranks through the years. Huawei struggled to buy chips and dropped down from the No.3 spot to the No. 7 position in 2021.

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