Samsung Electronics has lost a couple of places on Forbes’ ranking for the World’s Largest Tech Companies in 2022 and currently occupies the 4th position, down from the 2nd place in the 2021 rankings.
The Korean tech giant, Samsung Electronics, recorded $244.2 billion in sales and was estimated to have a market value of $367 billion. Nevertheless, market values for the top-three leading companies on Forbes’ list were in the trillions of dollars last year.
Forbes revealed that Samsung Electronics’ market cap shrank by a whopping $143.2 billion. In 2021, the company recorded $510.5 billion in market value. Thankfully, sales for Samsung increased by roughly $44 billion last year.
It’s worth noting that Samsung ranked 4th in 2020 and 2nd in 2021. Now, the company is back in the 4th position, but the balance could always swing back in its favor, if history is any indication. Next year, Samsung could once again climb up the ladder and catch a spot on the podium.
Samsung Electronics was led by three companies based in the United States, namely Apple, Alphabet (Google’s parent company), and Microsoft.
Samsung was however, followed by the only Chinese company in Forbes’ top 10 list, Tencent Holdings, which occupied the 5th place in the 2022 rankings. Meanwhile, Meta Platforms, Intel Corporation, TSMC, Cisco Systems, and IBM captured places 6th through 10th, respectively.
Apple remained the largest tech company in the world, according to Forbes. For the 2022 ranking, Apple recorded sales worth $378.7 billion and topped a staggering market value of $2.6 trillion.
Apple Inc., an American multinational technology company, specializes in consumer electronics, software and online services headquartered in Cupertino, California in the United States. Apple became the first publicly traded U.S. company to be valued at over $1 trillion in August 2018, then $2 trillion in August 2020, and most recently $3 trillion in January 2022.
Samsung to deliver custom chipset to Galaxy S series in 2025
Samsung is working tireless to remain a competitor in the tech industry. Samsung has disclosed that it will design its own custom chipset for the 2025 Galaxy S-series. While the Exynos line of chipsets may seem to fill that description – it’s not actually custom made for the S-series as Samsung sells some of its in-house chipsets to other smartphone makers like Motorola and vivo.
The new rumor, cited by South Korean publication Inews24 and reliable tipster, IceUniverse, suggests that Samsung officials are not pleased with the backlash over the Galaxy S22 series GOS scandal as well as the insufficient yields and poor thermal management of the Snapdragon 8 Gen 1 and Exynos 2200 chipsets. Thus, a new approach similar to what Apple is doing with its A-series chipsets is being discussed with the ultimate goal of having better optimized devices.
Older pre-2020 Exynos chipsets used custom Samsung CPU cores though Samsung shut down its custom CPU core department in December of 2019. It remains to be seen if the new chipsets will be part of the Exynos line or if Samsung is starting with a fresh new canvas.
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