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HiSilicon is the first Chinese company included among the top 10 global semiconductor supplier

Huawei HiSilicon is the first to rank among the top 10 semiconductor suppliers in the first quarter of 2020, says semiconductor industry tracker ICinsights.

HiSilicon is the semiconductor design division of the Chinese tech giant Huawei and over 90% of chip supplies of Huawei comes from HiSilicon.

According to the data compiled by the researcher, HiSilicon made a leap of five spots in the ranking to 10th place, making it the first China-based semiconductor supplier to be ranked in the worldwide top-10 listing.

HiSilicon’s year-over-year sales surged 54% in 1Q20. Nvidia also posted a solid year-over-year sales increase of 37% in 1Q20.

“HiSilicon has become an increasingly important customer for TSMC and represented 14% of its sales last year, up from holding only a 5% share in 2017. It is interesting to note that HiSilicon and Apple combined to represent 37% of TSMC’s total sales in 2019.” it noted.

Meanwhile, the top-10 semiconductor companies’ sales surged by 16% in 1Q20 compared to 1Q19, more than twice the total worldwide semiconductor industry 1Q20/1Q19 increase of 7%.

Nine of the top-10 companies had sales of at least $3.0 billion in 1Q20, one company more than in 1Q19. As shown, it took almost $2.7 billion in quarterly sales just to make it into the 1Q20 top-10 semiconductor supplier list.

Also, Check:

Huawei beats Qualcomm and becomes top semiconductor maker in China

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