Technology Intel top as semiconductor market's worldwide revenue falls 11% in 2023

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https://www.neowin.net/news/intel-top-as-semiconductor-markets-worldwide-revenue-falls-11-in-2023/

The worldwide semiconductor market saw revenues fall to a total of $533 billion, down 11.1% compared to 2022. The analyst firm Gartner said that Intel took back the number one spot in the market from Korean company Samsung.

“While the cyclicality in the semiconductor industry was present again in 2023, the market suffered a difficult year with memory revenue recording one of its worst declines in history,” said Alan Priestley, VP Analyst at Gartner. “The underperforming market also negatively impacted several semiconductor vendors. Only 9 of the top 25 semiconductor vendors posted revenue growth in 2023, with 10 experiencing double-digit declines.”