South Korea’s leading semiconductor companies, Samsung Electronics and SK Hynix, hold more than 70% of the smartphone memory chip market.
According to Strategy Analytics on July 8, global sales of DRAM and NAND flash memory for smartphones in the first quarter of this year were estimated at $11.5 billion (about Rs. 91,300 crore).
Samsung Electronics leads the market with a 46% share. Samsung’s market share was 52% in the smartphone DRAM market and 39% in the NAND flash memory market, ranking first in both markets. SK Hynix, ranked second, had a market share of 24%. Its share was 25% in the DRAM market and 23% in the NAND flash memory market.
The combined share of the two companies is 70%. They held a 76% market share in the DRAM market and 62% in the NAND flash market. However, the market share has slightly decreased compared to last year’s analysis (Samsung 49% and SK 23%).
US-based Micron ranked third with a 15% share, and the combined share of these top three vendors reached 85%.
Stephen Entwistle, Vice President of Strategy Analytics, said: “Despite growth in the 5G smartphone market, the smartphone memory market will be impacted by declining demand and macro market uncertainties.
A few days ago, it was reported that Samsung in South Korea posted its best April-June profit since 2018 last week, supported by strong sales of memory chips to server customers, even as demand of smartphone makers hit by inflation is cooling.
Shares of the world’s largest maker of memory chips and smartphones rose 2.5% after the announcement of preliminary second-quarter results, compared with a 1.5% rise in the broader market.
Samsung reported an operating profit of KRW 14 trillion (around Rs 85,135 crore), up 11% from KRW 12,570 billion (around Rs 76,430 crore) a year earlier, just below 14,450 billion KRW (about 87,870 crore rupees). by Refinitiv. Revenue rose 21% to KRW 77 trillion (approximately Rs 4,67,900 crore), in line with estimates.