Qualcomm Rides Wireless Wave to Take Third Place in 2012 Semiconductor Market

Qualcomm has managed to leverage its wireless chip business to finish third in the semiconductor market for 2012, according to research released from IHS iSuppli.

In a miserable 2012 semiconductor market that will see revenue declines at seven of the world’s Top 10 semiconductor suppliers, Qualcomm is standing out, with a double-digit increase in sales that will make it the world’s third-largest chipmaker this year, according to IHS iSuppli.

Qualcomm is set to end 2012 with a 27.2% growth in semiconductor revenues, said IHS. This represents the highest rate of growth of any Top 10 or even any Top 20 semiconductor supplier.

The nearly 30% increase in revenues will cause Qualcomm’s share of the market to climb by a full percentage point to 4.3%, IHS indicated. More significantly, it will allow Qualcomm to rise three positions and take third place in the global semiconductor business—the first time it has reached such an elevated rank.

[quote]”This year has been terrible for most semiconductor application markets—with the sole exception of the wireless segment, which is expected to generate robust revenue growth this year,” said Dale Ford, senior director at IHS. “Consumers are continuing to buy more smartphones and media tablets, even as sales of other once-hot products like PCs and flat-panel TVs decelerate or decline. With its chips at the heart of countless cellphones, including Apple’s marquee iPhone 5, Qualcomm has discovered an oasis of growth in the desert that is the semiconductor market in 2012.”[/quote]
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