Samsung semiconductor market revenue worldwide 2007-2024

In 2024, Samsung's semiconductor revenue stood at 66.52 billion U.S. dollars, an increase from the 40.94 billion U.S. dollars in revenue that the company recorded in 2023. Samsung benefited as a result of the memory semiconductor market experiencing a rebound in 2024. 

Samsung Electronics

Samsung Electronics is a global leader in semiconductors, telecommunications and digital media technologies, and one of the most valuable technology brands in the world. Headquartered in Suwon, South Korea, the company was founded in 1969. Samsung employs more than 200,000 people worldwide and spends over 20 billion U.S. dollars on research and development each year. Samsung has also ranked amongst companies with the most U.S. patents granted. 

AI chips

Semiconductor chips are crucial in our digital lives. Fitted with billions of electronic transistors that constitute elaborate integrated circuits, these chips power everything from smartphones and laptops, to more industrial and automotive applications. The next development in the semiconductor industry are chips that support artificial intelligence (AI) technologies. Experts suggest AI chips have found their way into an increasing number of consumer devices, such as smartphones, tablets, smart speakers, and wearables. In addition to this, they are also being used in multiple enterprise markets, such as robotics, sensors, and other IoT (internet of things) devices, with further growth expected as smart city initiatives take hold.