Semiconductor revenue grew 21.7%, reaching $429.1 billion.

Recording year-over-year growth of 53.6%, and its highest semiconductor revenue ever, Samsung replaced Intel as the new market leader of the semiconductor industry in 2017. Intel was followed by Hynix, in third position.

Among the top 20 semiconductor suppliers, Hynix and Micron enjoyed the largest year-over-year revenue growth, growing 81.2% and 79.7%, respectively.”

Qualcomm remained the top fabless company in 2017, followed by nVidia, which moved into the second position, after growing 42.3% over the previous year.

Memories grew most at  60.8%. DRAM grew 76.7% and NAND grew 46.6% — the highest growth rate for both memory subcategories in 10 years. Much of the revenue increase was based on higher prices and increased demand for memory chips, relative to tight supply.

Excluding memory, the remainder of the semiconductor industry grew 9.9% last year, largely due to solid unit-sales growth and strong demand across all applications, regions and technologies.