According to the market research organization Omdia, the global semiconductor market revenue in the third quarter of 2021 exceeded $150 billion, a year-on-year increase of 7.6%. Chip shortages, seasonal demand and strong memory revenue have driven the growth of total revenue.

Omdia said that the Covid-19 pandemic has caused a sudden shift in the global economy to more technology-focused. Increasing demand for electronic products and the resulting shortage of some semiconductor components have increased the average selling price and revenue of the entire semiconductor industry. At the same time, as the semiconductor industry prepares for holiday demand, seasonal demand usually increases in the third quarter.

The report also said that in the third quarter, memory chips accounted for 29% of total semiconductor revenue, and revenue increased by 12% year-on-year. Among them, NAND market revenue hit a record high, mainly due to the needs of enterprises and data center markets, as well as the stable demand of the smart phone market. And due to the slight imbalance between supply and demand, average selling price increased by nearly 5% compared with the previous quarter.

The strong performance of the memory market in this quarter also promoted changes in the ranking of the top 10 companies in the semiconductor industry. Samsung Electronics surpassed Intel to occupy the first place in this quarter's ranking.