2022 started with a bang but ended with a whimper for semiconductor companies
Worldwide semiconductor revenues grew just 1.1 percent during 2022, a far cry from a year ago when the annual increase was more than 25 percent, showing quite how bad chipmakers are having it at the moment.
"2022 began with many semiconductor devices in shortage resulting in extended lead times and increasing pricing which led to reduced electronic equipment production for many end markets. As a result, OEMs started hedging themselves from shortages by stockpiling chip inventory,” said Gartner VP Analyst Andrew Norwood.
"By the second half of 2022, the global economy began to slow under the strain of high inflation, rising interest rates, higher energy costs and continued COVID-19 lockdowns in China, which impacted many global supply chains," Norwood said. The top spot was kept by Samsung Electronics, although its revenue actually declined by 10 percent to $65.585 billion from $73.197 billion in 2021. This was chiefly due to falls in memory and NAND flash sales, according to Gartner.
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