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STMicroelectronics surpassed NXP to become Europe’s largest chipmaker, according to data provided by Gartner. ST’s revenue grew 14.9 percent to 9.2 billion dollars last year, earning the company a promotion from eleventh to eighth place on the list of top semiconductor vendors by revenue. NXP, on the other hand, retained its tenth spot by increasing revenue only modestly: 3.2 percent to 9.0 billion dollars.
Worldwide semiconductor revenue totaled 474.6 billion dollars in 2018, a 12.5 percent increase from 2017. ‘Despite slowing growth, the memory market was still the largest semiconductor market, accounting for 34.3 percent of revenue,’ said Andrew Norwood, research vice-president at Gartner. ‘This was driven by increases in average selling prices for DRAM for the majority of 2018. However, ASPs began to decline in the fourth quarter and this will continue through most of 2019 due to oversupply conditions.’
Due to the ailing memory market, Intel is expected to become the world’s largest semiconductor manufacturer once more.