Samsung Electronics Co. may lose its leading position in the semiconductor market by the end of the quarter.
TSMC and Samsung
According to analysts, the South Korean giant’s semiconductor sales revenue will fall 19% to $18.29 billion at the end of the quarter. That would put TSMC ahead of Samsung, as the former’s revenue should be around $20.2 billion.
Samsung Revenue Drop
The reason for the decline in Samsung’s revenue is the situation in the memory market, since memory chips are the company’s main product. Now the market is in recession, the demand for memory is falling and with it comes the price. In this case, Samsung itself expects this to continue until the end of the year.