As per market research by Omdia, the global semiconductor market sales spiked by 7.6% from last quarter, which is around $153.2 billion in the third quarter of 2021.
Explaining the cause of the rise in sales, Omdia said that the market saw a good seasonal demand led by strong memory product sales and chip shortages.
As per the latest semiconductor sale list released on December 10, Samsung topped US Intel in the global semiconductor market.
Meanwhile, both the South Korean companies are now instrumental in expanding their business in the semiconductor sector in North America through new promotions and changes of executives, ANI reported.
With the fresh changes in executives, Samsung is hoping to seek business opportunities in the North American market by investing 20 trillion won to establish a second chip foundry.