芯片龙头，最新排名 今年Q1，笔者曾依据全球半导体龙头企业公布的财报，梳理出芯片巨头 TOP10 的格局。如今，半年已过，随着Q2财报的陆续披露，芯片市场又呈现出诸 多新变化。 现在，让我们再次聚焦这些芯片巨头，基于Q1的排名与数据，结合Q2的营收表现，细数上半年半导体市场的一些演变。 01 此次选取的公司参照去年Q2 WSTS公布的半导体厂商排行TOP15 公司，分别为英伟达、三星、博通、英特尔、SK海力士、高通、美光、AMD、英飞凌、 联发科、TI、ST等。 笔者根据上述公司2025年Q2业绩高低，排列出新一季度的最新排名。（其中英伟达Q2营收数据为预测数据） | Q1排名 Q2排名 | | 公司 | Q2营收 | Q1营收 | | --- | --- | --- | --- | --- | | 1 | 1 | 英伟达 | 450亿美元 | 441亿美元 | | 2 | 2 | 三星 | 200.7亿美元 | 178亿美元 | | 5 | 3 | SK海力士 | 162.73亿美元 | 123亿美元 | | 3 | 47 | 博通 | 150.04 亿美元 | 149.2亿美元 | | 4 | 5 | 英 ...

Core Viewpoint - Samsung Electronics reported a significant decline in its semiconductor division's operating profit, down 94% year-on-year, primarily due to high inventory-related costs despite stable sales [1][5]. Financial Performance - For Q2, Samsung's operating profit was 4.67 trillion KRW (approximately 3.4 billion USD), a 55.23% decrease compared to the same period last year [1][5]. - Net profit fell by 48.01% to 5.11 trillion KRW, while total revenue slightly increased by 0.67% to 74.56 trillion KRW [1][5]. - The semiconductor business revenue decreased by 2% year-on-year, reflecting ongoing inventory issues [1][5]. Business Segments - The semiconductor division faced challenges with low capacity utilization in its foundry business, leading to stagnant revenue of 6.7 trillion KRW [1][5]. - The mobile and network business saw a 40.9% increase in operating profit, reaching 3.1 trillion KRW, driven by strong sales of flagship models like Galaxy S25 and mid-range Galaxy A series [1][5]. Future Outlook - Samsung anticipates a slight improvement in profitability in the second half of the year, focusing on increasing server memory chip sales and awaiting certification for HBM3E high-bandwidth memory [2][6]. - The company aims to enhance the yield of its next-generation 2nm GAA process to attract large clients, including a recent eight-year contract with Tesla worth 23 trillion KRW [2][3][8]. Product Innovations - The smartphone market is expected to be boosted by the launch of new foldable models, Galaxy Z Fold 7 and Z Flip 7, along with innovative products like XR headphones and a three-segment "Trifold" smartphone [4][8]. - Samsung's AI strategy is advancing, with a shift towards a multi-modal architecture for smartphone interaction, enhancing features in the S25 series through collaboration with Google [9]. Market Conditions - Despite uncertainties in the second half of the year, Samsung expects a rebound in performance, driven by growth in AI and robotics sectors [6]. - The company is closely monitoring the impact of tariffs and geopolitical risks on its core businesses, particularly in semiconductors and consumer electronics [6]. Investment Strategy - Samsung has invested 120 million USD in approximately 40 companies in the first half of the year, focusing on AI, robotics, and digital health to discover new technologies [6]. - The company plans to expand its HBM and advanced DRAM sales, anticipating a significant price increase for DRAM starting in the second half of the year [6][7].