Global Semiconductor Revenue Jumped 2.6% to $343.5 Billion in 2016, Gartner Reports

Global semiconductor revenue totaled $343.5 billion in 2016, a 2.6 percent increase from 2015, Gartner said in a Monday report. Combined revenue from the world’s top 25 semiconductor vendors increased 10.5 percent, a “significantly better performance than the overall industry's growth,” though most of that increase resulted from merger and acquisition activity, Gartner said: “The semiconductor industry rebounded in 2016, with a weak start to the year, characterized by inventory correction, giving way to strengthening demand and an improving pricing environment in the second half." Intel remained the world’s top semiconductor maker in 2016 with a 15.7 percent share, followed by Samsung with 11.7 percent, said the report. Qualcomm, with a 4.5 percent share, overtook SK hynix (formerly Hyundai Electronics) for third place, it said.