Global smartphone applications chip market grows 23%

Amid the acute demand-supply gap, the global smartphone applications processor (AP) market grew 23 per cent to $30.8 billion in 2021, a new report has said.

Qualcomm maintained its smartphone AP leadership with a 38 per cent revenue share, followed by MediaTek and Apple with 26 per cent each, according to market research firm Strategy Analytics.

Apple, MediaTek, Qualcomm and Unisoc gained market share while HiSilicon and Samsung LSI lost share.

For the first time on an annual basis, MediaTek overtook Qualcomm in units and established over 75 million unit-leads in smartphone APs in 2021, said Sravan Kundojjala, Director of Handset Component Technologies service at Strategy Analytics.

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