Samsung Electronics has overtaken Apple as the biggest consumer of semiconductors across the world for 2012, according to a report by research house Gartner. As per the report, the total available market (TAM) for semiconductors is valued at $297.6 billion, wherein the top two buyers account for $45.3 billion or 15% of total demand.
While the semiconductor market contracted by 3% in 2012, Samsung's demand for the product increased by 28.9%. Likewise, Apple bought 13.6% more semiconductors last year than the one before it. Apart from Samsung and Apple, Sony and Lenovo were only two semiconductor customers in Gartner's report of top 10 buyers who saw purchases increase in 2012 over the preceding year.
Gartner's report says HP, Dell, Toshiba, LG Electronics, Cisco and Nokia also figured among the top 10 consumers of semiconductors, but all of them witnessed a fall in demand for the product. Finnish manufacturer Nokia saw the steepest fall in semiconductor consumption as it spent $5 billion on it in 2012, as compared to $8.6 billion in the year before, a fall of 42.6%.
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